Ryan Lance, chief executive of US oil major ConocoPhillips. A recent Reuters report suggested ConocoPhillips was mulling a bid for privately held CrownRock, as merger fever continues in the US. Photo: CORPORATEEVENTIMAGES/UPSTREAM

Oil megamerger mania dials up pressure on those yet to splash the cash

Speculation that another large US acquisition is likely has fuelled expectations that merger fever could also cross the pond

31 October 2023 12:24 GMT Updated 1 November 2023 15:23 GMT

By Editorial

OPINION: ConocoPhillips has joined the big names of oil and gas companies at the centre of feverish speculation about potential consolidation deals.

'Too many CEOs per barrel of oil’: Aker BP boss bets on oil and gas takeover wave crossing the Atlantic

The number three US-based oil group behind ExxonMobil and Chevron is said to be considering a $15 billion offer for privately held CrownRock, according to a Reuters report citing unnamed sources.

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Opinion

Oil megamerger mania dials up pressure on those yet to splash the cash