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Mergers and restructuring in the world oil industry

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  • Weston, J. Fred
  • Johnson, Brian A.
  • Siu, Juan A.

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  • Weston, J. Fred & Johnson, Brian A. & Siu, Juan A., 1999. "Mergers and restructuring in the world oil industry," Journal of Energy Finance & Development, Elsevier, vol. 4(2), pages 149-183.
    • Handle: RePEc:eee:jefdev:v:4:y:1999:i:2:p:149-183
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    References listed on IDEAS

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    1. Mitchell, Mark L. & Mulherin, J. Harold, 1996. "The impact of industry shocks on takeover and restructuring activity," Journal of Financial Economics, Elsevier, vol. 41(2), pages 193-229, June.
    2. Bidwell, Greg & Marks, Roger, 1998. "Relative economic impact of a major gas sale on the prudhoe bay participating areas," Journal of Energy Finance & Development, Elsevier, vol. 3(1), pages 49-70.
    3. Michael Ollinger, 1994. "The limits of growth of the multidivisional firm: A case study of the U.S. oil industry from 1930‐90," Strategic Management Journal, Wiley Blackwell, vol. 15(7), pages 503-520, September.
    4. Robert Mabro, 1992. "OPEC and the Price of Oil," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2).
    5. Joe Roeber, 1994. "Oil Industry Structure and Evolving Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 253-276.
    6. Graham A. Davis & Robert D. Cairns, 1998. "Simple Analytics of Valuing Producing Petroleum Reserves," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 133-142.
    7. Hillard G. Huntington, 1998. "Crude Oil Prices and U.S. Economic Performance: Where Does the Asymmetry Reside?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 107-132.
    8. M.A. Adelman, 1994. "The World Oil Market: Past and Future," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-11.
    9. Marie N. Fagan, 1997. "Resource Depletion and Technical Change: Effects on U.S. Crude Oil Finding Costs from 1977 to 1994," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 91-105.
    10. Healy, Paul M. & Palepu, Krishna G. & Ruback, Richard S., 1992. "Does corporate performance improve after mergers?," Journal of Financial Economics, Elsevier, vol. 31(2), pages 135-175, April.
    11. Morris A. Adelman, 1993. "Modelling World Oil Supply," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-32.
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    Cited by:

    1. Warell, Linda, 2007. "A horizontal merger in the iron ore industry: An event study approach," Resources Policy, Elsevier, vol. 32(4), pages 191-204, December.
    2. Mohn, Klaus & Misund, Bård, 2008. "Shifting sentiments in Firm Investment: An Application to the Oil Industry," UiS Working Papers in Economics and Finance 2009/12, University of Stavanger.
    3. Christian Stadler & Constance E. Helfat & Gianmario Verona, 2013. "The Impact of Dynamic Capabilities on Resource Access and Development," Organization Science, INFORMS, vol. 24(6), pages 1782-1804, December.
    4. Alex Ng & Raymond A. K. Cox, 2016. "Corporate takeovers in the US oil and gas sector," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 4(1), pages 23-34, February.
    5. Germán Coloma, 2002. "The Effect of the Repsol-YPF Merger on the Argentine Gasoline Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 21(4), pages 399-418, December.
    6. Ng, Alex & Donker, Han, 2013. "Purchasing reserves and commodity market timing as takeover motives in the oil and gas industry," Energy Economics, Elsevier, vol. 37(C), pages 167-181.
    7. Bård Misund & Petter Osmundsen & Marius Sikveland, 2014. "Vertical Integration and Valuation of International Oil Companies," CESifo Working Paper Series 5061, CESifo.
    8. Loveland, Robert & Mulherin, J. Harold & Okoeguale, Kevin, 2021. "Deregulation, listing and delisting," Journal of Corporate Finance, Elsevier, vol. 69(C).
    9. Misund, Bård & Asche, Frank & Osmundsen, Petter, 2008. "Industry upheaval and valuation: Empirical evidence from the international oil and gas industry," The International Journal of Accounting, Elsevier, vol. 43(4), pages 398-424, December.
    10. Aune, Finn Roar & Mohn, Klaus & Osmundsen, Petter & Rosendahl, Knut Einar, 2010. "Financial market pressure, tacit collusion and oil price formation," Energy Economics, Elsevier, vol. 32(2), pages 389-398, March.
    11. Mohn, Klaus & Misund, Bård, 2009. "Investment and uncertainty in the international oil and gas industry," Energy Economics, Elsevier, vol. 31(2), pages 240-248, March.
    12. Osmundsen, Petter & Mohn, Klaus & Misund, Bard & Asche, Frank, 2007. "Is oil supply choked by financial market pressures?," Energy Policy, Elsevier, vol. 35(1), pages 467-474, January.
    13. Rubio-Varas, Mar & Muñoz-Delgado, Beatriz, 2017. "200 years diversifying the energy mix? Diversification paths of the energy baskets of European early comers vs. latecomers," Working Papers in Economic History 2017/01, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    14. Finn Roar Aune & Klaus Mohn & Petter Osmundsen & Knut Einar Rosendahl, 2007. "Industry restructuring, OPEC response - and oil price formation," Discussion Papers 511, Statistics Norway, Research Department.
    15. Jungseok Park & Jungho Baek, 2019. "The Asymmetric Response of Mergers and Acquisitions in the North American Oil and Gas Industry to Oil Price Changes," Review of Economics & Finance, Better Advances Press, Canada, vol. 15, pages 23-30, February.
    16. Guo, Yue & Yang, Yu & Wang, Chang, 2021. "Global energy networks: Geographies of mergers and acquisitions of worldwide oil companies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    17. Yoo, Kyungjin & Lee, Youah & Heo, Eunnyeong, 2013. "Economic effects by merger and acquisition types in the renewable energy sector: An event study approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 694-701.
    18. Misund, Bard & Mohn, Klaus, 2014. "Exploration Risk in Oil & Gas Shareholder Returns," UiS Working Papers in Economics and Finance 2014/4, University of Stavanger.
    19. Reddy, Kotapati Srinivasa, 2015. "Why do Cross-border Merger/Acquisition Deals become Delayed, or Unsuccessful? – A Cross-Case Analysis in the Dynamic Industries," MPRA Paper 63940, University Library of Munich, Germany, revised 2015.
    20. Reddy, K.S. & Xie, En, 2017. "Cross-border mergers and acquisitions by oil and gas multinational enterprises: Geography-based view of energy strategy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 961-980.

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