A new year brings dreams of lucrative M&A activity, and no more so than in Big Oil, where...


A new year brings dreams of lucrative M&A activity, and no more so than in Big Oil, where some see an appetite for the sort of megadeals last seen a decade ago. But not long ago, investors were demanding oil majors split their upstream and downstream activities; WSJ’s Liam Denning looks at how ConocoPhillips (COP) has handled that move, and finds a company vulnerable to falling energy prices.

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Comments (2)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    PSX definitely got the better deal out of that spinoff.
    7 Jan 2013, 11:10 AM Reply Like
  • Texas Rebel in Oxford
    , contributor
    Comments (16) | Send Message
     
    I think both are fine companies run by capable and honest people.
    PSX just got a head start because of current mkt. conditions in
    their industry (refining and pipelines). I own both and will hold for
    capital gains and dividends. I'm glad management unbundled them
    for the shareholders. Jim Mulva was a genius and a good guy too !
    8 Jan 2013, 02:18 AM Reply Like
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