Insight
Day of deals as IOCs execute on strategy
Report summary
On 9 March 2017 Corporate Service-covered companies announced US$15 billion of deals across four major transactions. Shell sold down in the Canadian oil sands, to CNRL, for US$8.5 billion Shell and CNRL combined to buy Marathon’s oil sands interests for US$2.5 billion Marathon spent US$1.1 billion on Permian tight oil acreage ExxonMobil acquires a 25% stake in ENI’s Mozambique Area 4 LNG project for US$2.8 billion The assets are disparate, but the deals are united by the boldness of strategy on show from the companies involved. In this Insight, we take a look at the strategic implications from each of these deals.
Table of contents
-
Shell and Marathon sell down in the Oil Sands as CNRL bulks up
- What it means for Shell
- Marathon’s exit from AOSP
- Impact on CNRL
- What does this mean for the Oil Sands?
-
Marathon strengthens its US tight oil focus
- Delaware entry adds another growth option
-
Eni farms down Mozambique Area 4 to ExxonMobil
- What does this mean for Eni?
- What does this mean for ExxonMobil?
- Implications for Mozambique and LNG
Tables and charts
This report includes 3 images and tables including:
- Mozambique historical deal metrics
- Majors' LNG capacity
- Strategic fit of Shell’s portfolio
What's included
This report contains:
Other reports you may be interested in
Insight
Ørsted changes tack and sets a more conservative course
Ørsted significantly cut back its growth expectations, lowered portfolio risk and suspended dividends in its latest capital markets update.
$1,050
Insight
Are BP or Shell next in line for big M&A?
We consider whether large-scale upstream acquisitions – think corporate takeovers over US$20 billion – might be on Shell or BP’s radar
$1,350
Insight
Global coal M&A September 2023: Miners capitalize on record pricing, fueling deal revival
ESG commitment and strategic positioning will drive deal making
$1,100