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Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
As the U.S. begins to export crude oil and LNG the need for infrastructure, and the massive amount of capital and expertise required to build it, are attracting private-equity investors.
Today’s Forty Under 40 honoree is Black Mountain CFO Houston Simmons, who helped build Tudor, Pickering, Holt & Co. from the ground up earlier in his career.