Morgan Stanley and RBC Capital Markets have emerged as the top mergers and acquisitions (M&A) financial advisers in the oil and gas sector in terms of value and volume, respectively, for quarters one to three (Q1–Q3) 2023, according to GlobalData’s latest league table.

GlobalData, a leading data and analytics company, ranks advisers in terms of value and volume of M&A deals on which they advised.

As per GlobalData’s Financial Deals Database, Morgan Stanley took first place in the value table by advising on $53.7bn worth of deals. RBC Capital Markets made it to the top spot in terms of volume by advising on a total of 29 deals.

GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley was the was only adviser to surpass $50bn in total deal value during Q1–Q3 2023. There was a massive jump in the total value of deals advised by it during Q1–Q3 2023 compared with Q1–Q3 2022.

“Of the 12 deals advised by Morgan Stanley during Q1–Q3 2023, eight were billion-dollar deals, which also included one mega-deal valued at more than $10bn. Involvement in these big-ticket deals helped Morgan Stanley top the chart by value. Apart from leading by value, it also occupied the sixth position by volume during Q1–Q3 2023.

“Similarly, RBC Capital Markets, apart from leading by volume, also occupied the fourth position by value, as it also managed to advise on some big-ticket deals. RBC Capital Markets advised on ten billion-dollar deals during Q1–Q3 2023.”

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By GlobalData

In terms of value, Goldman Sachs came in second place by advising on $43.9bn worth of deals, followed by Bank of America with $34.4bn, RBC Capital Markets with $33.9bn and Perella Weinberg Partners with $30.9bn.

Based on volume, JP Morgan took second spot with 16 deals, followed by Evercore with 14 deals, Citi with 13 deals and Barclays with 13 deals.

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.​

To ensure further robustness of the data, the company also seeks deal submissions from leading advisers.