Oil & gas industry M&A deals in Q4 2020 total $73.03bn globally

20 January 2021 (Last Updated January 20th, 2021 11:52)

Oil & gas industry M&A deals in Q4 2020 total $73.03bn globally

Total oil & gas industry M&A deals in Q4 2020 worth $73.03bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 53.9% over the previous quarter and a rise of 21.8% when compared with the last four-quarter average, which stood at $60.25bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $46.33bn. At the country level, the US topped the list in terms of deal value at $36.32bn.

In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of M&A deals activity in Q4 2020 was the US with 154 deals, followed by China with 38 and the UK with 29.

In 2020, as of the end of Q4 2020, oil & gas M&A deals worth $246.4bn were announced globally, marking a decrease of 36.9% year on year.

Oil & gas industry M&A deals in Q4 2020: Top deals

The top five oil & gas industry M&A deals accounted for 52.2% of the overall value during Q4 2020.

The combined value of the top five oil & gas M&A deals stood at $38.14bn, against the overall value of $73.03bn recorded for the month.

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

1) ConocoPhillips’ $13.34bn acquisition of Concho Resources

2) The $7.77bn merger of Cenovus Energy and Husky Energy

3) Pioneer Natural Resources’ $7.6bn acquisition of Parsley Energy

4) The $6.24bn acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG by China Oil & Gas Pipeline Network

5) TC Energy’s acquisition of TC Pipelines for $3.19bn.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.