Trends and shifts in mergers and acquisitions: how to create sustained value

The total mergers and acquisitions (M&A) deal value reached $255 billion in 2024, largely driven by energy security concerns, decarbonisation efforts and demand for critical minerals. A significant proportion of these upstream deals focused on the consolidation of the US’ Permian Basin, with IOCs driving much of the activity. As high-quality acquisition targets become increasingly scarce, are we likely to see other basins and other industries – such as chemicals and renewables – follow suit? Having fallen short in the past, the energy sector needs a solution-focused approach to creating sustained value with M&A activity. A shift in energy-related M&A activity seems likely as joint ventures and other partnership types become more favourable, and NOCs continue to enter the space through new initiatives. But how will the landscape evolve?

Attendee insights:

Explore the M&A landscape with energy leaders and financial experts as our industry looks to rewrite the playbook on sustained value.