The Oil Patch: From Big To Behemoth

After BP-Amoco, the oil patch may be in for a wave of megamergers

Since taking command at British Petroleum Co. in 1995, John Browne has been sending shock waves through the oil industry. Now he is close to pulling off his biggest shocker yet. The $53 billion merger with Amoco Corp. announced on Aug. 11 not only will create a third "supermajor," approaching Exxon Corp. and Royal/Dutch Shell Group, it also may herald a sweeping realignment of the industry.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.