Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Federal Trade Commission on Friday approved Exxon Mobil’s acquisition of Pioneer Natural Resources, the latest step in the firm’s roll-up of the oil and gas industry. This is one of the consolidation efforts of the majors, including ConocoPhillips and Chevron. The roll-up strategy generates shareholder value through completing accretive acquisitions, capturing cost efficiencies and driving revenue growth.
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