05182021Tue
Last updateTue, 18 May 2021 4pm

End-User News

S&P: Oil and Gas M&A Activity Surges

Oil and gas M&A deal-making in the first quarter of 2021 rebounded from year-ago levels as supermajors divested assets and corporate consolidation continued, according to S&P Global Market Intelligence data.

The industry announced 28 more whole-company and minority-stake deals in first-quarter 2021 than in the first quarter of 2020: 117 deals compared to 89. In the same period, the combined value of deals soared from $3.86 billion to $26.37 billion. The number of announced asset transactions fell slightly from 89 to 86, but their aggregate value climbed nearly $10 billion to $11.38 billion. 

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