Strategic acquisitions of premier assets and the drive for efficiency and scale led to a stellar year for mergers and acquisitions in the U.S. oil and gas industry in 2024. Following a 331% surge in deal value to $206.6 billion last year, the number of the top publicly traded exploration and production companies in the American oil and gas sector has declined from 50 to just 40, Ernst & Young LLP said in a new study published this week. Despite the smaller number of the top players, the resulting 40 large listed U.S. oil and gas firms continued…
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