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...
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