The Shape of the New Oil Industry -- BRITISH PETROLEUM, EXXON, ROYAL DUTCH/ SHELL GROUP Technologically savvy companies that are leaders in implementing advanced technology such as subsea wells and catalysts -- APACHE, BURLINGTON RESOURCES, NEWFIELD EXPLORATION, UNION PACIFIC RESOURCES Fast-expanding independents that are taking a bigger role in offshore and international exploration and drilling -- COASTAL, MOBIL, PENNZOIL Middle-tier majors and integrated domestics that need to add the expertise or scale to invigorate their businesses as the industry consolidates -- AMOCO, CONOCO, PHILLIPS PETROLEUM, UNION TEXAS PETROLEUM, UNOCAL Companies that are exploiting strong niches in areas such as chemicals, natural gas, exploration and production, and refining DATA: BUSINESS WEEK Return to main story

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