Review on Global Oil and Gas M&A in 2023 and Outlook on Global Oil and Gas M&A in 2024
Global oil and gas M&A market was splendid and reached the climax in the last quarter in 2023 with two super M&As by ExxonMobil and Chevron.The paper obtains six significant characteristics in 2023 including super M&As'concentrating again,North American oil and gas giants taking all-round approaches and preferring traditional fossil fuels like oil and gas,and European oil and gas giants performing flat as well as preferring transitional business.It proposes such five trends in 2024 as super M&As will continue to appear,North America will be the important transaction region,and an increase in transactions involving charging infrastructure services according to international political and economic situation and gives five suggestions focusing overseas capital operation of domestic large oil and gas enterprises in order to facilitate them to achieve the development mode with achieving a dual focus on asset management and capital operation.
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