德安华（Kroll）：2024年第四季度全球石油和天然气并购展望报告（英文版）（37页）.pdf

1、Industry InsightsGlobal Oil and Gas M&A OutlookQ4 2024Executive SummaryIn this edition of our Global Oil and Gas M&A Outlook,weexamine and evaluate current trends for commodities prices,leading sector indicators,valuation developments,M&Adeals performed during the quarter and developments infeatured

2、 specialty subsectors.Our top insights for this edition follow:During the last quarter of the year,there was anoticeable decline in M&A activity.The number ofannounced deals dropped by 72,and their disclosedvalue decreased by USD 28.05 bn,resulting in a total of150 announced deals with a disclosed v

3、alue of USD46.81bn.The decline in M&A activity is attributed to a complexinterplayofevents.Majorpubliccompaniesareconsolidating within basins,resulting in fewer attractivetargets.Simultaneously,theTrumpadministrationspolicies may have mixed effects on the U.S.energysector.While pro-energy policies a

4、re likely to boostlarge-scale megadeals,the potential implementation oftariffs in the oil and gas sector could negatively impactU.S.refiners and Canadian producers.One of the sectors expected to benefit greatly from theU.S.energy policy is the LNG market,whose globalexports reached 107.6 MMt in Q4 2

5、024.U.S.PresidentDonald Trump has already lifted the moratorium onexport permits for new LNG projects and has expresseda commitment to accelerate permitting processes,in linewith his pledge to increase U.S.oil and gas production.Note:For this report,Kroll presents market and financial data of differ

6、ent sets of peer groups,according to the most representative subindustries of the oil and gas sector.These groups are composed of the most relevant companies by market capitalization.Deals displayed in the“Megadeals Announced”illustration may include acquisitions of private companies that do not dis