Times Online logo Times Online 1 month ago

BP chief Tony Hayward says oil industry mega mergers are dead

The era of the oil industry mega merger is over, according to the chief executive of BP. Tony Hayward said that there is “no industrial logic at all” to the type of big-ticket takeovers that transformed the industry a decade ago. Full Article at Times Online

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  1. BP p.l.c.
  2. China National Petroleum
  3. ExxonMobil

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  1. Torgeir Kydland Senior Vice President International Exploration and production of Middle East and Asia submits a sealed bid, during the second round of bids for oil licenses to develop some of Iraq's massive oil fields at a meeting in Baghdad, Iraq, Saturday, Dec. 12, 2009.
  2. BAGHDAD, IRAQ - NOVEMBER 5: An Iraqi worker gauges gas emissions from an oil pipe at the Daura oil refinery on November 5, 2009 in Baghdad, Iraq.
  3. Lamar McKay, Chairman and President, BP America, testifies before the US Senate Committee on Energy and Natural Resources full committee hearing on the role of natural gas in mitigating climate change on October 28, 2009 on Capitol Hill in Washington, DC.
  4. Tony Hayward (L), BP's chief executive, sits next to British ambassador to Iraq Christopher Prentice (R) after a contract-signing ceremony in Baghdad November 3, 2009.
  5. WASHINGTON - MARCH 04: BP CEO Tony Hayward addresses a plenary session of the 2008 Washington International Renewable Energy Conference March 4, 2008 in Washington, DC.

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  1. BP p.l.c. BP p.l.c.
  2. See stories, photos, and quotes about China National Petroleum China National Petroleum
  3. ExxonMobil ExxonMobil
  4. Chevron Corporation Chevron Corporation