Oil & gas industry went on a $250 bn buying spree in 2023
Edited By WION Video Desk
Published: Dec 27, 2023, 05:05 IST | Updated: Dec 27, 2023, 05:05 IST
The global economy continued to underperform this year. But the oil & gas sector remained a stand-out performer. The oil and gas industry went on a $250 billion buying spree in 2023. The industry took advantage of high stock prices to secure lower-cost reserves and prepared itself for more consolidation.
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