Better Buy: ExxonMobil vs. BP

BP (NYSE: BP) shortened its name from British Petroleum, which was what this integrated oil giant was known as when the Deepwater Horizon disaster unfolded in 2010. It was a devastating blow to BP and, frankly, the entire oil industry. After many years, it looks like BP has turned a corner in a big way. Is it a better buy […]

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Democrats Just Killed Alexandria Ocasio-Cortez’s Push For A Green New Deal Committee

Democratic leaders on Thursday tapped Rep. Kathy Castor (D-Fla.) to head a revived U.S. House panel on climate change, ending a dramatic monthlong effort to establish a select committee on a Green New Deal. Castor’s appointment came as a surprise to proponents of a Green New Deal. The move also kicked off a controversy as the six-term congresswoman dismissed calls […]

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Papua New Guinea Gas Project Signs Supply Deal With PetroChina

The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquified natural gas (LNG) to PetroChina Co Ltd, Australia’s Oil Search Ltd, a partner in the project, said on Friday. The three-year deal is for the supply of about 0.45 million tonnes of LNG a year to PetroChina International (Hong Kong) Corp Ltd (PCI), Oil Search said […]

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How are direct costs allocated differently than indirect costs?

Horizontal integration, also known as lateral integration, describes the merging of two or more companies that are at the same part of the production   supply chain. They can be in the same or different industries. Here are three textbook examples of horizontal integration, made by companies looking to strengthen their positions in the current market and enhance their current […]

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