Thursday, November 13, 2025

Oil Companies Are Too Encumbered by Debt to Acquire: Tillerson

Very few attractive targets for takeover due to debt; doing deals has gotten harder, not easier The amount of debt oil and gas companies took on to fuel growth during the shale revolution has made them too encumbered to be attractive targets for acquisition ExxonMobil (ticker: XOM, ExxonMobil.com) CEO Rex Tillerson said. “It’s like buying a home with a big

U.S. Rig Count Dips Below 500

Current U.S. rig count falls to second-lowest point since the Ford Pinto The U.S. rig count fell for the eleventh straight week in the week ended March 4, 2016, according to data from Baker Hughes. The latest decline in the rig count brought the total count in the U.S. to 489, the second lowest point recorded by Baker Hughes, reaching