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'It’s kind of like Pac-Man right now: consolidate or get eaten': Big oil's $250 billion year of shale mergers rewrites the playbook

It's the era of Big Shale and Wall Street, which eyed the sector with skepticism for most of the last decade, appears to be all in.

Kevin Crowley

Big Shale means ‘consolidate or get eaten,’ Wall Street is all in, and one of the ‘last original wildcatters’ will become America’s richest oilman

Diamondback Energy's takeover of Endeavor topped off a year of roughly $250 billion in US oil and natural gas deals.

17.02.2024 30

Kevin Crowley

Chevron says Gavin Newsom's California is increasingly hostile to fuel makers and has 'worsened' the state's gasoline market

The comments come as California lawmakers consider limiting the profits in-state refiners can reap.

Kevin Crowley

Exxon Mobil is pushing for more flexible refineries as electric vehicles surge

The oil giant wants its refineries able to quickly pivot from gasoline to chemicals as EV adoption increases.

23.09.2023 30

Kevin Crowley