Part of Speech: n.
Quotation: Only 10 years after “supermajor” entered the oil industry’s lexicon, the term is already showing its age. At the end of 2000, once the oil industry’s mega-mergers were completed, the combined market capitalisation of ExxonMobil, Royal Dutch Shell and BP was about $700bn—nearly two-thirds of the global sector’s total. These days, the supermajors represent just 23 per cent.
Publishing Location:
United Kingdom
Date of Publication:
Jan. 9, 2008
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