Home / Business and Economy / OKC Oil Giants Exit: $72B in Market Value Gone
OKC Oil Giants Exit: $72B in Market Value Gone
5 Oct
Summary
- Oklahoma City is losing two major oil and gas companies.
- The departing firms represent a combined market value of $72 billion.
- The abrupt departures have caused concern among local leaders.
Oklahoma City is set to lose its two largest public oil and gas companies. These firms boast substantial market values, totaling around $52 billion and $20 billion, respectively. Their impending departure has generated concern among prominent business figures and politicians within the city.
This significant shift in the local energy landscape is prompting discussions among chief executives about the implications for Oklahoma City's economy. The abrupt nature of these exits has visibly unsettled established leaders and led to chagrin among elected officials.
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