STORY-TRÅD·industri

M&A wave lifts OGJ50 assets, output; lower prices squeeze 2025 earnings

The growth in assets and equity, even as revenue and net income declined, continued a multiyear pattern of heavy consolidation and M&A activity among the companies, a trend that carried through 2025 with deals such as Chevron's acquisition of Hess. Operationally, the group posted broad double-digit gains.