02 Nov, 23

Big Oil Investors May Not Win From M&A Streak

UncategorizedNo Comments

The International Energy Agency (IEA) predicts that fossil fuel consumption will peak within a decade. But ExxonMobil and Chevron, the American oil giants just announced two gigantic acquisitions of oil and gas properties. They put their money where their mouths are. They are doubling down on oil and gas. So what does the IEA know?    Before we get into the specifics of our suspicions, let’s set out a ten-year report card for the oil companies. They are entities supposedly established as businesses with the intent to make profits…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.