Tags: Apache Corp.
Major oil firms have biggest war chests for takeovers
The continuous oil price fall is one side of the coin. The other side is showing rosy picture as six major oil companies have more than enough funds to snap up competitors. It's estimated that world's top six listed oil companies have over $0.5 trillion in stocks and cash enough to fund takeovers plans. ExxonMobil lead the pack, while Chevron, BP Plc, Shell, ConocoPhillips and Total are in the top-six positions.
Oil tops $60 for first time in 2015, industry spending cuts support
Oil rose above $60 a barrel on Friday for the first time this year, bringing its gain this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply.
Fieldwood shells out $750M to acquire Sandridge unit in Gulf Coast
Houston, US-based firm Fieldwood Energy LLC, a portfolio company of Riverstone Holdings LLC, bought the Gulf Coast unit of Oklahoma-based firm SandRidge Energy Inc in a deal valued at $750 million.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Sinopec, Apache, AMR, US Airways, Deutsche Bank, EDF, Oxford, Andor, Bank Zachodni WBK, Shuanghui, Campofrio, OCZ, Toshiba and CVS Caremark.