Oil giant makes its comeback Comeback: The oil giant climbed to the top of the risers in latest trading By Alex Brummer Last updated at 1:12 AM on 15th December 2010 No one should get too starry-eyed about BP. The shares are still £2 below the peak achieved before the Macondo well explosion in April, [...]
Posts Tagged ‘Mergers and Acquisitions’
State-owned groups pursue energy assets
As companies run out of cash, however, and hopes of a quick return to an oil price of $100 per barrel fade, the pressure to do deals will mount; a position described in a research note last week by analysts at Sanford Bernstein as a ticking time bomb for M&A.
Prices are right, so where are the oil and gas mergers?
Today, the merged Exxon Mobil has a war chest containing 2.38 billion of its shares, with a market value of about $152bn, and about $40bn in cash. The company chairman and chief executive, Rex Tillerson, says Exxon Mobil will evaluate potential acquisitions.
M&A or A&E? Crisis to dominate dealmaking in 2009
Bankers and executives say that situation presents opportunities for cash-rich suitors including oil majors, such as Exxon Mobil Corp, Royal Dutch Shell Plc, BP Plc and Total SA .
Japan refiners to be stirred, not shaken, by merger
“Cosmo and Showa Shell’s main shareholders are different, so a merger is unlikely now,” said UBS’ Ito. Saudi Aramco increased its stake in Showa Shell to 15 percent stake in 2005, while IPIC, the investment arm of the Abu Dhabi government of the United Arab Emirates bought 20 percent in Cosmo last year to become the top shareholder.
Oil price sets stage for mergers: We expect a lot of mergers and acquisitions in the next 12 months, says Fadel Gheit
It’s getting to be cheaper to drill for oil in industry boardrooms than in the world’s far-flung oil fields.


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