Energy Flux

Energy Flux

Share this post

Energy Flux
Energy Flux
Beyond Exxon: Why a desperate mega-merger with BP might finally make sense
Copy link
Facebook
Email
Notes
More

Beyond Exxon: Why a desperate mega-merger with BP might finally make sense

Political, environmental and market factors are conspiring to haul an unlikely transatlantic tie-up into the realm of the possible

Seb Kennedy's avatar
Seb Kennedy
Dec 21, 2020
∙ Paid
6

Share this post

Energy Flux
Energy Flux
Beyond Exxon: Why a desperate mega-merger with BP might finally make sense
Copy link
Facebook
Email
Notes
More
Share

Spare a thought for ExxonMobil shareholders. While the S&P 500 has rebounded from April’s Covid crash to hit a series of all-time highs this autumn, XOM stock is still down 40% year-to-date despite the recent vaccine-inspired market euphoria that has lifted Brent crude back above USD 50 per barrel.

This year has been indiscriminately cruel to oil stocks…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Energy Flux Limited, London EC1N 8DX
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More