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Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated


Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated

(adds working link in paragraph 2) By Nicole Jao NEW YORK (Reuters) – Oil and gas activity rose 57 percent last year as energy companies increased spending on development, fueled by higher cash flows from previous years’ profits, a report showed on Tuesday. According to a report by Ernst & Young, the largest energy companies […]

Report: US oil and gas M&A activity rose 57% in 2023 as industry consolidated | World News


Report: US oil and gas M&A activity rose 57% in 2023 as industry consolidated | World News

According to Ernst & Young, M&A activity is expected to continue this year and into 2025, driven by further mega-deals | Photo: Reuters 3 minutes reading time Last updated: August 20, 2024 | 11:34 am IS Deal activity in the oil and gas industry rose 57 percent last year as energy companies increased spending on […]

Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated


Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated

By Nicole Jao NEW YORK (Reuters) – Activity in the oil and gas industry rose 57 percent last year as energy companies increased spending on development, fueled by higher cash flows from previous years’ profits, a report showed on Tuesday. According to a report by Ernst & Young, the largest energy companies spent $49.2 billion […]