COMPANY NEWS: Ranking of oil firms highlights E&P investment focus

07/16/2001
Click here to enlarge imageTaking full advantage of bolstered revenues from higher oil and natural gas prices, integrated energy companies are revitalizing their exploration and production portfolios.This trend is evident in a comparative-performance analysis released last month by Prudential Securities Inc., which ranked BP PLC first in E&P results out of a field of 11 major integrated firms for 1995-2000.And the current E&P asset-buying spree was further punctuated by Amerada Hess Corp.'s announcement early last week of plans to acquire Dallas-based independent E&P company Triton Energy Ltd. in a deal valued at $3.2 billion in cash and debt.Amerada Hess's deal comes close on t...
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