09
Jun
The oil industry in the United States, the world's largest producer of crude oil, is made up of many small and medium-sized oil companies, ranging from family businesses with a few wells in one state to global giants like Exxon Mobil. Wall Street values ConocoPhillips at about $140 billion, or about 10 times larger than Marathon Oil but about a quarter of Exxon. Oil companies have completed some of the largest acquisitions in the past year despite regulatory scrutiny from the Biden administration and oil market volatility. U.S. giants have capitalized on record profits, giving them the firepower to acquire…