Big Oil is shedding assets like a dog sheds its winter coat. In a rush to prove their emerging environmentally conscious credentials, the supermajors are pledging billions in low-carbon energy investments and committing to net-zero goals over the next decade. Meanwhile, smaller oil and gas companies are snapping up the shed assets.
The Wall Street Journal reported this week that small energy independents are happy to relieve Big Oil of its unwanted assets as they bet on the long-term future of oil and gas despite the seemingly ubiquitous ambition…Small Companies Rush To Buy Up Big Oil’s Assets
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