The Oil M&A Boom is Just Getting Started

0
28

Oil M&A ground to a halt in early 2019.

All thanks to plunging oil prices on excessive global supply.  In fact, U.S. oil and gas M&A fell 93% in the first quarter of 2019 to just $1.6 billion. But that’s what happens when oil prices plummet more than 40%.  However, as oil prices begin to recover, we’re seeing a return of respectable M&A in the sector.

On Friday, for example, Chevon (CVX) announced it would buy Anadarko Petroleum (APC) in a cash and stock deal valued at $33 bill...

Register Now

The Daily Chart Newsletter is available only to members of this site. Register now for FREE. No cost, no obligation, join today.

Already a member? Login below, or click here to register now for free.