Big oil is getting even bigger in shale, and that could speed up a shakeout among independents and force more mergers and joint ventures.
Last week, both Exxon Mobil and Chevron said they would boost their growth in the Permian basin substantially.
“All those companies [the majors] have demonstrated multi-decades history of delivering well on larger projects,” said Nathan Strik, energy utilities sector leader at Fidelity.
