"These are crazy days," says Tom Fry. While mergers and acquisitions are inevitable, notes Matt Simmons, "size doesn't have anything to do with quality." Here's some evidence: Of the 2,600-plus mergers and acquisitions in the industry between the years 1991 and 2000, the three largest supermajors rank toward the bottom of the list of top 20 producers.
Matt Simmoms makes a good point.
mcrow89 4 years ago