1. Read the following article: http://www.economist.com/news/briefing/21582522-day-huge-integrated-international-oil-company-drawing/email – “Supermajordämmerung” (The Twilight of the Supermajors)
2. Questions: Think about how the global business environment has changed for the supermajors, as well as the petroleum market in general. In a short paragraph, discuss how the structure of doing business globally, market composition and competition, the environment of trade, finance, and risk management have changed for the supermajors over the past two decades. Are there other challenges and issues they must look to in the future business environment? How do you predict the structure and status of industry will look 20 years from now?
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