Deals
Deal activity by volume related to ESG increased by 31% year-on-year in 2023 in the oil and gas industry
Credit: Bert van Dijk/Getty images.
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Analysis of the key themes driving deal activity reveals that ESG accounted for 1,545 oil and gas deals between 2019 and 2023, worth a total value of $380,043m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $64.5bn acquisition of 100% stake in Pioneer Natural Resources by ExxonMobil was the largest disclosed deal in 2023, while the $5.6bn equity offering by Centrais Eletricas Brasileiras was the largest disclosed deal in 2022.
In volume terms, ESG related deal activity increased by 31% year-on-year in 2023 and by 359% year-on-year in 2022.
Deal activity related to ESG in the global oil and gas industry in the last five years
Top deals related to ESG in the oil and gas industry in the last five years
Deal volume by deal type for ESG related deals in the oil and gas industry in the last five years
Acquisition accounted for the highest number of deals in the last five years, with 418 deals, followed by Partnership (387 deals), and Asset transaction (234 deals).
Top financial advisors for ESG related deals by value in the oil and gas industry in the last five years
The top financial advisors supporting deals related to ESG in the oil and gas industry in the last five years in terms of value were Citigroup, Centerview Partners, China Securities (International) Corporate Finance, J.P. Morgan Securities, and JPMorgan Chase.
Top legal advisors for ESG related deals by value in the oil and gas industry in the last five years
The top legal advisors supporting deals related to ESG in the oil and gas industry in the last five years in terms of value were White & Case, Davis Polk & Wardwell, Baker Botts, Clifford Chance, and Baker & McKenzie.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
