Post Tagged with: "European oil majors"

Source: World Oil

Value gap between European, U.S. oil majors “stubbornly wide” amidst Exxon, Chevron megadeals

World Oil


(Bloomberg) – Europe’s oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking U.S. peers remains stubbornly wide. After companies such as bp Plc embraced net …

Source: Reuters

Citi: European oil majors could become acquisition targets

Oil Price


Merger and acquisition activity in the United States oil and gas industry last year slumped to the lowest in 17 years as buyers became pickier. But besides being picky, they were also willing to spend, Enverus reported earlier …

Source: Reuters

Write-downs put spotlight on energy majors’ scattered oil price outlooks

Reuters


LONDON – A series of huge write-downs among energy majors triggered by lower assumptions for future oil prices has put a spotlight on the sector’s scattered price outlooks.

On Monday, Eni announced a 3.5 billion euro ($3.95 billion) impairment …