Oil companies 'make up for lost time' as consolidation sweeps across industry

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Oil And Gas Companies,Pioneer Natural Resources,Marathon Oil

Last year, the energy industry spent $234 billion on M&A, the highest amount since 2012 when adjusted for inflation.

Oil and gas companies in the US have been on a consolidation tear, and industry watchers predict it isn't over.

The appetite for oil and gas has only grown over the last year as US oil production hit new highs after Russia's invasion of Ukraine temporarily sent prices past $130 a barrel in 2022.

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China hands over the keys to the railway as African countries take control of 2 major belt and road projects

 

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