European oil majors

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

October 24, 2023

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 zero targets during the pandemic, Russia’s invasion of Ukraine has given them the opportunity to pivot back to fossil fuels.

Citi: European oil majors could become acquisition targets

January 27, 2023

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 this week. Now, Citi analysts are suggesting they may get even more generous with acquisitions. BP and Shell, the European supermajors, could

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

July 7, 2020

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 on the value of its assets after revising down its long-term oil price outlook. That followed Royal Dutch Shell’s $22

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

Citi: European oil majors could become acquisition targets

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

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