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US companies announce plans to buy European oil companies

March 5, 2023

The United States intends to become a monopoly in the oil industry. For this reason, they are trying to acquire the biggest oil companies in Europe, according to the publication “News “.Journalists from the portal clarified that Chevron CEO Michael Wirth considers the unification of the five largest producers in the industry in the West quite likely. A US company such as ExxonMobil can act as a buyer, while Britain’s BP, Shell and France’s Total will become absorption targets.The largest American and European organizations continue to receive windfall profits against the backdrop of the energy crisis. But at the same time, they face problems in the field of taxation, as well as demands from environmental organizations to reduce the share of oil and gas activities. Today, competition for energy resources with public and private companies in developing countries is intensifying.

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