China Considering Mega-Mergers
February 17, 2015
The Chinese government is considering merging state-owned oil companies in order to increase efficiency. China is considering mergers of its state-run oil companies in order to create national champions that could compete with the likes of ExxonMobil (ticker: XOM) and produce greater efficiencies, a topic of growing importance as oil prices remain low. At the request of China’s leadership, government
