Summary
This report presents the Global Oil and Gas M&A Outlook for the first quarter of 2024, detailing trends in commodity prices, sector indicators, valuation developments, and M&A activity. In Q1 2024, there were 251 globally disclosed deals valued at USD 101 billion, a decrease from the previous quarter. The report highlights the significant influence of the U.S. in the global M&A market, accounting for 82.6% of the disclosed value. It also notes a modest increase in LNG exports, driven by new liquefaction capacity, while a milder winter in Europe led to decreased demand and lower spot prices. The report includes an analysis of economic conditions affecting the oil and gas sector, including central bank policies and their impact on equity markets. Additionally, it discusses the performance of various equity indexes and the dynamics of foreign exchange rates, particularly the strength of the U.S. dollar amid changing economic conditions.
