Reported 3 months ago
In the second quarter, mergers and acquisitions in the U.S. oil and gas sector exceeded $30 billion, with major deals like ConocoPhillips' $22.5 billion proposal for Marathon Oil driving activity. This increase marks a rise from the previous year's $24.4 billion, although the deal value decreased from the record $51 billion seen in the first quarter. The trend of consolidation in the industry continues as companies aim to enhance their scale amid shifting investment priorities.
Source: YAHOO