U.S. oil and gas companies struggle to sell $27bn assets for investor payouts amid energy megamergers and decreased buyer interest.
U.S. oil and gas companies face an uphill struggle to sell $27bn of assets over the next few years, to fund investor payouts, as energy megamergers near regulatory reviews. Fewer institutional and European oil buyers are interested, and private equity firms are focusing on renewables. This leaves a mountain of asset sales looming after the oil megamerger era, challenging the industry to attract investors back amid volatile returns and pressure to decarbonize portfolios.
June 26, 2024
4 Articles