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Oil & Gas Majors

RECENT NEWS
Western oil majors wrangle over Iraqi oil bids
MarketWatch  Jun 30 
In the first formal entry to Iraq by Western oil majors in nearly 40 years, a BP consortium beats out Exxon Mobil for the Rumaila oil field, the country’s largest.
Shell Faces Even More Revamping
New York Times  Jun 29 
Jeroen van der Veer deftly righted the oil major after an accounting scandal. His successor, Peter Voser, will continue the company’s overhaul.
[$] Tsibelman to Become Sibir CEO
Wall Street Journal  Jun 26 
Gazprom Neft and the Moscow city government have agreed to make Igor Tsibelman chief executive of Sibir, the troubled oil company in which they both own large stakes.
BP Selects Ericsson's Chief as Next Chairman
New York Times  Jun 25 
Ericsson Chief Executive Carl-Henric Svanberg is stepping down to become chairman of BP in a surprise appointment that ends the oil major's lengthy search, Reuters reported.
Gazprom sets 142 bcm gas export target for 2009
Commodity Online  Jun 24 
Russian gas major Gazprom OAO (MCX:GAZP) has announced that it is willing to export 142 billion cubic metres (bcm) to Europe in 2009 down from 184.4 bcm in 2008 with revenues from exports decreasing to $40 billion from $65 billion.
Total boosts Mahakam spending plans
Upstream Online  Jun 8 
French oil major Total said today it will decide to set aside up to $3 billion by the end of this year for the upgrade of the Mahakam gas block on Indonesia's Kalimantan, more than previous estimates.
BP voices support for Baltic pipeline
Upstream Online  Jun 5 
UK oil major BP yesterday called on Russia to remove investment barriers to increase energy production and voiced support for a new gas pipeline under the Baltic.
[$] Cook Steps Down at Shell
Wall Street Journal  May 26 
Shell executive director Linda Cook is stepping down after being passed over for the oil giant's CEO post.
[$] Shell Shelves Alaska Plan
Wall Street Journal  May 7 
Royal Dutch Shell dropped a three-year plan to explore for oil in Alaska's Beaufort Sea following challenges by environmental groups.
[$] Total SA Reports Profit Fell 36%
Wall Street Journal  May 6 
Oil major Total posted a 36% fall in profit, reflecting less production and sharply lower crude prices.
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TOP CONTRIBUTORS
Sr. Director
Avinash Gandhi

The oil majors are vertically integrated oil and gas companies involved in all stages of the oil industry - exploration, production, refining, trading, marketing, and, sometimes, transportation.

Of the oil majors, the supermajors are international, and were formed in during the consolidation of the oil industry during the mid-1990s:

In the middle of the 20th century, the world's most powerful oil companies were known as the "Seven Sisters". On March 11th, 2007, the Financial Times named a "New Seven Sisters" (most of which are state-owned):

Retrieved from "http://www.wikinvest.com/industry/Oil_%26_Gas_Majors"

Companies in the Oil & Gas Majors Industry (13)

 
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