Houston Matters

What Exactly is a ‘Zombie’ Oil Company and Could They Hurt the Economy?

Low oil prices have created more examples of what some call “zombie” oil companies. Forbes writer Christopher Helman recently wrote an article explaining what exactly that means and how these companies could hurt banks. MORE: Zombie Oil Companies Could Hit Banks With $20 Billion In Loan Losses (Forbes, Feb. 12, 2016)

ExxonMobil's refinery in Baytown is one of the nation's biggest - Dave Fehling - CROPPED

Low oil prices have created more examples of what some call “zombie” oil companies. Forbes writer Christopher Helman recently wrote an article explaining what exactly that means and how these companies could hurt banks.

MORE:
Zombie Oil Companies Could Hit Banks With $20 Billion In Loan Losses (Forbes, Feb. 12, 2016)

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