Even Big Oil Thinks Big Oil Is Too Risky These Days
What's an oil producer to do when it sees its core product under threat from declining demand and a war-torn neighborhood? Just ask Abu Dhabi National Oil Co.
The $19 billion all-cash bid for Australian gas producer Santos Ltd. Monday, from a consortium led by the state-owned United Arab Emirates business also known as Adnoc, is one answer to the question.
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