Analysis of the key themes driving M&A activity reveals that shale accounted for 34 oil & gas deals announced in Q2 2023, worth a total value of $22.9bn. The $7.6bn acquisition of PDC Energy by Chevron was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q2 2023 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, shale-related deal activity increased by 139% in Q2 2023 compared with the previous quarter’s total of $9.6bn and rose by 70% as compared to Q2 2022. Related deal volume increased by 26% in Q2 2023 versus the previous quarter and was 37% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Royal Bank of Canada; JPMorgan Chase & Co; Jefferies Financial Group with 10, 5, 4 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Kirkland & Ellis; Vinson & Elkins; Gibson, Dunn & Crutcher with 13, 10, 5 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
