Oil

Third biggest deal in history is good for Russia, good for BP

BP (quote) is selling to mother Russia. Now there is a bigger global major oil company in state-owned Rosneft (RNFTF, quote) with major ties to Exxon Mobil (XOM, quote) via arctic circle joint ventures, and BP - two of the standard bearers in global oil/gas. This is ultimately a $55 billion deal, making it the third biggest deal in all history.

Developed Multinationals Oil Russia Tim Seymour