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Oil sector sees a new league of two: the ultramajors
Published Wed, Feb 24, 2016 · 09:50 PM
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Houston
THIS may not be the best time to be bigger than big.
The US$64 billion tie-up of Royal Dutch Shell plc with BG Group plc and the steady growth of Exxon Mobil Corp are creating a new league of two: the ultramajors. Executives at smaller companies are even starting to joke that Chevron Corp, Total SA, BP plc, ConocoPhillips and ENI SpA are merely the mid-cap sector of Big Oil.
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