Big Oil gets another lesson from split at Williams
Keeping up with the Williams
Investors cheered the U.S. group's plan to fully separate its pipeline and exploration businesses, instantly boosting its market cap by some $1.5 bln. As in other cases, yoking such different operations together obscures value. Stillintegrated oil majors should take note.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.