HOUSTON, April 20 (Reuters) - Mega-mergers are anticipatedin the oil industry between integrated oil companies amid thecurrent oil price rout, according to Vagit Alekperov, thepresident of Lukoil. The recent merger between Royal Dutch Shell Plc andBG Group PLC is likely to be the first of many suchcombinations in the industry, Alekperov said at the CERAWeekconference in Houston. He did not specify which companies heexpects to merge or whether Lukoil is eyeing any targets. (Reporting By Jessica Resnick-Ault; Editing by Chris Reese)
Shell announces $4bn share buyback as Q3 profits beat expectations
(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.
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