Oil Companies Want to Sell $90 Billion of Assets, FT Reports
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Oil and gas assets worth more than $90 billion globally are on the market as companies such as BP Plc, Royal Dutch Shell Plc, ExxonMobil Corp. and ConocoPhillips have put sizable portfolios of assets up for sale, the Financial Times reported, citing figures from Derrick Petroleum Services, a consulting firm.
In mid-2009 the figure was $20 billion and a year ago it was $46 billion, the newspaper said.