It’s just rumor and conjecture at this point, but some oil industry pundits are predicting that an oil company flush with cash (like, say, ExxonMobil) could go after another oil company (say, BP or Shell) in coming months. It’s difficult to say whether such a move would require the company to spin off its lubricants division, or how any conjectured merger would affect the lube industry, but like the last round of industry mergers in the late 1990s/early 2000s, be on the lookout!
- This second acquisition of 2019 for the company expands RelaDyne's geographical footprint to the Gulf Coast region.… twitter.com/i/web/status/1… 1 day ago
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- Four years after entering the quick lube industry, Costa Oils – 10 Minute Oil Change has opened its eighth location… twitter.com/i/web/status/1… 2 days ago