Monday, 4 June 2012
Business Restructuring in International Oil Companies (IOCs)
"Business Restructuring in International Oil Companies (IOCs) - Increasing Focus on Upstream Business With Spin-Offs and Divestitures in Downstream Operations”, is the latest report from GlobalData analyzing the recent divestments and spin-offs by integrated oil companies in the oil and gas industry. The report provides information about the key divestments in the downstream sector undertaken by integrated companies in order to raise the capital needed to focus on upstream activities. The report gives details about the spinoff of Marathon Oil Corporation, which formed an upstream pure play company with the same name and Marathon Petroleum Corporation, a downstream pure play company. It also provides information regarding the planned spinoff of ConocoPhillips to form a separate downstream company, Phillips 66 in May 2012. Information about divestments of downstream assets and plans for growth in the upstream sector by major integrated oil companies also features in the report, which is built using data and information sourced from company reports, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.