Shale Patch M&A Might Be Booming, But Refineries Are Left Behind ...Middle East

OILPRICE - Economy
Shale Patch M&A Might Be Booming, But Refineries Are Left Behind
After a two-year hiatus, deal-making in the U.S. shale patch has hit high gear with the U.S. energy sector leveraging high stock prices to go on a $250 billion buying spree in 2023. Last quarter alone, U.S. oil majors Exxon Mobil Corp. (NYSE:XOM), Chevron Corp. (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) struck deals worth a combined $125 billion to acquire low-cost oilfields with low breakeven oil price. And, activity is not slowing down in the current year. A couple of weeks ago, Midland, Tex.-based Diamondback…

Hence then, the article about shale patch m a might be booming but refineries are left behind was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Shale Patch M&A Might Be Booming, But Refineries Are Left Behind )

Apple Storegoogle play

Last updated :

Also on site :