No. 14



Supermajors Face Growth And Profitability Challenges After Mergers, Says HSBC

After some 10 years of mergers in the petroleum industry, size is no longer the key to profitability, according to HSBC Investment Bank, London. In the report, Integrated Oil and Gas: Exploding the Myth, published in February, HSBC analysts Robert Arnott and Adam Seymour say that the relationship between oil company size and profitability has broken down, and that size is no longer a...