Upstream M&A Activity Expected to Decline in 2025 ...Middle East

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Upstream M&A Activity Expected to Decline in 2025
Upstream merger and acquisition (M&A) activity stood at around $205 billion last year, having continued the strong momentum from 2023, and marked just the second time in the past decade that deal value exceeded the $200 billion mark. But how did things fare last year, and what is the outlook for 2025? North America, despite a 21% year-on-year decline in terms of value, continued to lead that activity, accounting for $134 billion – or 65% – of the total deal value in 2024. This contribution was led by around 17 consolidation-focused…

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