In this edition of our Global Oil and Gas M&A Outlook, we examine and evaluate current trends for commodities prices, leading sector indicators, valuation developments, M&A deals performed during the quarter and developments in featured specialty subsectors.

Top Insights

During the last quarter of the year, there was a slowdown in M&A activity. The number of announced deals dropped by 72, and their disclosed value decreased by USD 28.05 bn, resulting in a total of 150 announced deals with a disclosed value of USD 46.81 bn.
As 2024 closes, North America's M&A markets continue to demonstrate high liquidity by registering 67 transactions with a disclosed value of USD 37.5 bn. This accounts for 44.7% of global announced deals and 80.0% of the total disclosed value.
M&A activity was significantly influenced by 12 megadeals, with 10 occurring in the North American region (7 in the U.S. and 3 in Canada). The disclosed value of these 10 megadeals amounted to USD 31.5 bn, representing 67.3% of the global disclosed value.
In Q4 2024, the U.S. represented 35.3% of global deals and 57.0% of the total disclosed value, continuing to play a leading role in the global M&A landscape. Meanwhile, Canada accounted for 9.3% of global deals while contributing to 23.0% of the global disclosed value.
Global Oil and Gas M&A Outlook–Q4 2024

The Kroll Oil and Gas team understands the idiosyncrasies of the global sector and offers following knowledge through this report. (i) Project and structured commodity finance advisory and asset-based lending advisory. (ii) Joint venture audits, financial joint venture management and preparation of cost certificates. (iii) Valuation of Exploration & Production assets, commercial contracts, etc. and (iv) Development or tariff/rate models for midstream and downstream assets.

We hope you find this report helpful in understanding the current trends in the global oil and gas sector. If you would like to receive further information or discuss any of the findings, please contact us.


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