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INDUSTRY TREND

Upstream M&A Deal Value Rebounds, Set to Keep Rising

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Global upstream M&A deal value has rebounded in the third quarter, with around $32.6 billion worth of assets changing hands so far, according to data from analytics firm Enverus. That's already up almost 47% from the previous quarter and the highest quarterly total since the fourth quarter of 2021. The number of deals announced, at just 106, is a far cry from the 249 transactions agreed during the same three-month period last year but M&A experts paint a largely bullish outlook for dealmaking going forward.

Topics:
M&A, Corporate Strategy , Capital Spending
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