Sproule ERCE Global Upstream M&A Tracker H1 2024

Zhamal Schoennemann (Principal Economist, Sproule ERCE) [email protected]

Maria Lake (Geoscientist, Sproule ERCE), [email protected]

Welcome to Sproule ERCE’s Global Upstream M&A Tracker

Sproule ERCE’s Global Upstream M&A Tracker provides an easy and detailed summary and analysis of global upstream M&A deals, both asset- and corporate-level. This edition covers upstream M&A activity over H1 2024.

Global M&A: At a Glance

Sproule ERCE had recorded 88 deals with a total reported deal value of approximately US$49.85bn in H1/24.

One mega deal was announced in the period: ConocoPhillips/Marathon Oil for US$22.5bn.

Another eight deals crossed the US$1bn mark, including Devon Energy’s acquisition of Grayson Mill Energy for US$5bn and APA’s acquisition of Callon Petroleum for US$4.5bn.

The deal values reported below are based on publicly available information on the time when the deal was announced. These deals include announced deals from the period between 01/01/24 up until 31/07/24.

Read the full report for more analysis and Global Upstream M&A Metrics.