IMG.gif

Our Take: Recession Clouds Gather Over M&A

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss132708305-deal-handshake-corporate.jpg

Strong oil and gas prices are supporting E&P asset valuations and many energy companies have divestment agendas but Energy Intelligence sees heightened macroeconomic concerns continuing to slow upstream deal flow in the near term. M&A activity has been muted this year due to price volatility and geopolitical uncertainty following Russia’s invasion of Ukraine, as well as ongoing corporate capital discipline. The recession clouds gathering on the horizon do not offer an immediately positive outlook for upstream M&A but we see supply-side support for higher-for-longer prices bolstering valuations and deals in the medium term.

Topics:
M&A, Corporate Strategy , Conventional Oil and Gas, Upstream Projects, Oil Prices
Wanda Ad #2 (article footer)
#
Global Head of LNG Peter Clarke lays out Exxon's big LNG growth ambitions and how decarbonization lies front and center in its long-term thinking.
Mon, Aug 15, 2022
Nigeria has renewed five deepwater oil leases with industry heavyweights such as Exxon Mobil, Chevron, TotalEnergies, Shell and Equinor.
Mon, Aug 15, 2022
President Buhari withdrew his consent for Nigeria-focused Seplat to buy Exxon Mobil's shallow-water oil assets in the West African country.
Thu, Aug 11, 2022