Amoco Corp News

After Crash Diet, Oil Majors May Need New Growth

The global oil majors' crash diets may be going too far. That at least is the view of a small number of critics who believe sweeping programs of asset sales and the trimming of investment plans risk doing longer-term damage. Pushed by investors demanding higher returns, the industry's slimming regime after more than a decade of acquisitive expansion in search of scale is worrying, argue some oil executives and bankers.