Opinion

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

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.
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
  • Editorial
ExxonMobilConocoPhillipsChevronHessEquinor
Published 31 October 2023, 12:24Updated 1 November 2023, 15:23