Oil and gas companies in the US have been on a consolidation tear, and industry watchers predict it isn't over.
Last year, crude oil and natural gas exploration and production companies increased spending on mergers and acquisitions to $234 billion, the biggest amount adjusted for inflation since 2012, according to data from the Energy Information Administration.
BIG OIL KEEPS GETTING BIGGER
The three largest U.S. oil companies by market cap have all grown through acquisitions over recent decades.
BIG OIL KEEPS GETTING BIGGER
The three largest U.S. oil companies by market cap have all grown through acquisitions over recent decades.
BIG OIL KEEPS GETTING BIGGER
The three largest U.S. oil companies by market cap have all grown through acquisitions over recent decades.
Oil companies 'make up for lost time' as consolidation