U.S. Upstream Oil & Gas M&A Hit $105 Billion In 2024 ...Middle East

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U.S. Upstream Oil & Gas M&A Hit $105 Billion In 2024
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Mergers and acquisitions in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third-highest annual total ever, energy analytics firm Enverus has revealed. However, last year's tab came in well below a whopping $192 billion worth of tie-ups completed in 2023, which included the $60 billion acquisition of Pioneer Natural Resources by Exxon Mobil Corp. (NYSE:XOM). Earlier, Enverus predicted that mergers in the U.S. upstream sector are set to decline in the current year. Deal-making in the U.S. shale patch hit high gear in the aftermath…

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