Oil & gas industry M&A deals in Q4 2020 total $36.32bn in US

27 January 2021 (Last Updated January 27th, 2021 18:12)

Oil & gas industry M&A deals in Q4 2020 total $36.32bn in US

Total oil & gas industry M&A deals in Q4 2020 worth $36.32bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 34.3% over the previous quarter and a rise of 42% when compared with the last four-quarter average of $25.62bn.

The US held a 49.7% share of the global oil & gas industry M&A deal value that totalled $73.03bn in Q4 2020.

In terms of deal activity, the US recorded 154 deals during Q4 2020, marking a rise of 2% over the previous quarter and a rise of 8.5% over the last four-quarter average.

The US oil & gas industry M&A deals in Q4 2020: Top deals

The top five oil & gas industry M&A deals accounted for 76.2% of the overall value during Q4 2020.

The combined value of the top five oil & gas M&A deals stood at $27.69bn, against the overall value of $36.32bn 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 $7.6bn acquisition of Parsley Energy by Pioneer Natural Resources

3) TC Energy’s $3.19bn acquisition of TC Pipelines

4) The $2.2bn acquisition of QEP Resources by Diamondback Energy

5) Trinseo’s asset transaction with Arkema for $1.36bn.

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.