- In March 2024, FUCHS SE completed the acquisition of Swiss lubricants company STRUB Co. AG. This strategic development allows FUCHS to expand its product portfolio and strengthen its position in the global lubricants market. The acquisition will enable FUCHS to tap into new market segments and enhance its technological capabilities, particularly in high-performance lubricants. By integrating STRUB's expertise, FUCHS aims to better serve industries such as automotive, mining, and manufacturing. This move is expected to boost FUCHS' market share and competitiveness, particularly in the European and international markets
- In May 2024, ExxonMobil completed its USD 60 billion acquisition of Pioneer Natural Resources, marking the largest oil-and-gas deal in decades. This strategic move significantly enhances ExxonMobil's presence in the Permian Basin, combining over 1.4 million net acres in the Delaware and Midland basins with an estimated 16 billion barrels of oil equivalent resource. As a result, ExxonMobil's Permian production volume more than doubled to 1.3 million barrels of oil equivalent per day, with projections to reach approximately 2 million barrels per day by 2027. The merger is expected to generate double-digit returns by recovering more resources efficiently and with a lower environmental impact. In addition, ExxonMobil plans to accelerate Pioneer’s net-zero emissions goal from 2050 to 2035, leveraging advanced technologies to monitor and reduce methane emissions and increase the use of recycled water in operations
- In April 2024, FUCHS SE, a global leader in lubrication solutions, announced its acquisition of the LUBCON Group, a German manufacturer specializing in high-performance specialty lubricants. This strategic move aims to enhance FUCHS's product portfolio, particularly in industrial greases and oils, and to bolster its global competitiveness. The LUBCON Group operates 13 companies and five production sites across Germany, Poland, the Philippines, India, and the U.S., employing over 200 staff members. Their products serve various industries, including railway, roller bearings, paper, textiles, food, pharmaceuticals, and wind energy. The acquisition is expected to close in the third quarter of 2024, pending regulatory approvals, and will integrate LUBCON's expertise into FUCHS's extensive network of 55 companies and 33 production facilities worldwide
- In December 2022, Shell USA, through its subsidiary Pennzoil-Quaker State Company, acquired 100% of TFH Reliability Group, LLC, the parent company of Allied Reliability Inc. This acquisition enhances Shell's North American lubricants business by integrating Allied Reliability's industrial products and services, including asset performance management and reliability consultancy. The move allows Shell to offer a comprehensive 'products-plus-services' model, combining high-quality lubricants with reliability solutions to improve equipment performance and safety for customers across various industries. Allied Reliability operates across a wide range of industries, delivering enhancements in the efficiency and reliability of assets. The acquisition enables Shell to expand its suite of lubricants products and services, aligning with its global strategy to grow its premium product offering and presence in the industrial sector
