Global upstream M&A: 2022 review and outlook
Report summary
Table of contents
-
2023 look ahead
- Global deal count
- Global deal spend
- Implied prices have crept up but remain will below spot prices
- Valuations are variable, but the UK market looks weak
- Private vs public – where’s the value?
- Gas inflation
-
Thematic highlights
- Euro Majors – transitioning via acquisitions and divestitures
- North America – diverging strategies
- Private equity – cashing in, and still investing
-
The Majors
- BP
- Chevron
- Eni
- ExxonMobil
- Equinor
- Shell
- TotalEnergies
-
Corporate Service Large / Mid Caps
- As buyers
- As sellers / targets
-
Other Public E&Ps
- As buyers
- As Sellers / targets
-
Private / Private Equity
- As buyers
- As sellers / targets
-
State-owned entities (SOEs), including NOCs
- As sellers
-
North America
- United States
- Tight oil
- Unconventional gas
- US Gulf of Mexico
- Canada
-
Rest of the World
- Europe
- Asia Pacific
- Africa
- Latin America
- Middle East
- Russia and the Caspian
Tables and charts
This report includes 35 images and tables including:
- FY 2022 deals
- North America deal count
- North America deal spend
- Rest of the World deal count, by region
- Rest of the World deal spend, by region
- Global deal count
- Global deal spend
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- 2022 upstream M&A spend by primary deal location and buyer peer group
- Majors: disclosed A&D consideration, by company
- Majors: total resource traded, by primary resource
- IOCs: A&D spend by primary region
- IOCs: total resource traded, by primary resource
- Largest net buyers and sellers
- Regional deal count
- Regional deal spend (adjusted for Shell-BG)
- 2022 global upstream M&A spend by primary country, highlighting ten largest deals by volume
- N.A. uncons spend by resource type
- N.A. tight oil spend, by primary play
- Value of N.A deals in Pipeline, by resource theme
- No. of N.A. buyers / sellers in Pipeline
- Value of RoW deals in Pipeline, by resource theme
- No. of RoW buyers / sellers in Pipeline
What's included
This report contains:
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