Insight
Global upstream M&A: H1 2020 review and outlook
Report summary
Deal flow cratered in H1 2020. The impact of coronavirus and the oil price collapse saw upstream M&A fall to its lowest level in two decades. The statistics are startling. The fewest number of deals in a half year period. The fewest number of deals in a quarter. The fewest number of deals in a month. The lowest aggregate deal value in a half year period. The first time we have never seen a single billion-dollar-plus deal in a half year period.
Table of contents
- Executive summary
-
Global trends
- Valuations
- Coronavirus/price crash impact on agreed deals
- Corporate highlights
-
Regional review and outlook
- North America
- United States
- Canada
- North America outlook
- What else is in the Deal Pipeline?
- Rest of the World
- Rest of the World outlook
- What else is in the Deal Pipeline?
- Appendix: additional tables and charts
Tables and charts
This report includes 33 images and tables including:
- H1 2020 in numbers
- H1 2020 deals
- H1 2020 M&A deal count
- H1 2020 M&A deal spend
- North America peer group
- RoW peer group
- H1 2020 deal count compared to historical benchmarks
- H1 2020 disclosed consideration compared to historical benchmarks (exclude US$50bn+ megadeals)
- M&A H1 2015 – H1 2020
- H1 2020 transactions >US$100 million
- Weighted average Implied Long-Term Oil Price vs. Brent oil price vs. deal count
- M&A spend by region
- M&A spend by deal category
- Resource traded
- WM 2P reserves traded by region
- Net M&A spend by peer group
- Net M&A spend by peer group H1 2020
- Net M&A spend – Majors
- Net M&A spend – Independents (Large/Mid)
- M&A spend – N.A. tight oil by play
- M&A spend – N.A. uncons gas by resource type
- Net M&A spend – NOCs
- Overseas spend – NOCs by NOC origin
- Implied Long-Term Oil Price vs. traditional 'US$ per barrel' metrics
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- North America deal count
- North America deal spend
- Value of N.A. deals in Pipeline by resource
- No. of N.A. buyers / sellers in Pipeline
- Deal count by region
- Deal spend by region
- Value of ROW deals in Pipeline by resource
- No. of ROW buyers / sellers in Pipeline
What's included
This report contains:
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