In the global oil & gas industry, there were 429 M&A deals announced in Q1 2023, worth a total value of $47.2bn, according to GlobalData’s Deals Database. The $4.6bn acquisition of diversey by solenis was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity decreased by 11% in Q1 2023 compared with the previous quarter’s total of $53.1bn and fell by 19% as compared to Q1 2022. Related deal volume decreased by 14% in Q1 2023 versus the previous quarter and was 10% lower than in Q1 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 42% share of the global oil & gas industry’s M&A activity in Q1 2023, up 15% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Royal Bank of Canada; Evercore; Jefferies Financial Group with 6, 5, 5 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Kirkland & Ellis; Vinson & Elkins; CMS Legal Services EEIG with 13, 12, 6 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, 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.
