Oasis Petroleum, Whiting close to merger agreement

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

The companies combined would be worth roughly $6 billion, given Oasis’ market value of $2.8 billion and Whiting’s, which stands at $3.3 billion.

Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter.

It... Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter. It would be the first significant tie-up among oil companies in several months, after a string of them in recent years, and comes as Russia’s invasion of Ukraine roils energy markets and causes crude prices to surge.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wow, MarketWatch with an actual story about the market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines