Mayer Brown’s Post

🌟📈 The Era of the Megamerger: Transforming the Oil and Gas Industry 🔥💼 In recent months, the oil and gas sector has witnessed a significant shift with major mergers reshaping the industry. Companies like Chevron, Exxon, and Occidental are leading the charge, acquiring smaller firms to establish a stronger foothold in the U.S. fossil fuels market. These megamergers are creating a powerful new landscape in the industry, with $250 billion worth of deals in 2023 alone. Discover how Chevron's $53 billion acquisition of Hess, ExxonMobil's $59.5 billion buyout of Pioneer Natural Resources, Occidental's $12 billion deal to purchase CrownRock, and ConocoPhillips' $22.5 billion acquisition of Marathon Oil Corp are shaping the future of energy. Learn what these strategic moves mean for market dynamics and the global energy landscape. Stay ahead of industry trends and gain insights into the evolving energy sector. Click the link to read more! Link: https://buff.ly/4cgkeP9 #OilAndGas #Megamergers #EnergyIndustry #Chevron #ExxonMobil #Occidental #ConocoPhillips #FossilFuels #EnergyFuture #IndustryTrends #BusinessGrowth #EconomiesOfScale #LinkedInProfessionals #SHALEMagazine #ENMedia #TheEnergyMixxRadioShow

Nad Here we go... Look, as the year draws to a close, the market is eager to see Petrobras' new strategic plan for 2025-2029, which will be unveiled on November 21st. Speculation is already high, with questions ranging from increased investments to a focus on sustainability and innovation. 👀👀💲💲The expected investment is US$ 110 billion, putting Petrobras in line with global giants like ExxonMobil, Shell, and BP. Key areas to watch include a focus on pre-salt, deepwater expansion, strategic divestments, and the use of innovative technologies to enhance efficiency. Are we on the verge of a new phase of transformation for Petrobras? Let's follow closely and discuss this together! Read Here: https://lnkd.in/dhv22qpv #insightspablocosta

2024: A Transformative Year for the Oil and Gas Industry The oil and gas sector is witnessing a remarkable surge in M&A. The industry landscape is being reshaped with strategic consolidations. Here’s a snapshot of the major moves, illustrated with key figures: - ExxonMobil has solidified its position by acquiring Pioneer Natural Resources for $65 billion, bringing its total production to approximately 1.3 mi / bpd. - Chevron follows suit, integrating Hess Corporation for $53 billion, increasing its production to about 1,2 mi / bpd. - ConocoPhillips enhances its assets with the acquisition of Marathon Oil Corporation for $22.5 billion, reaching a production level of roughly 1,18 mi / bpd. These key mergers highlight the industry’s focus on scaling operations, optimizing resource use, and strategic positioning. Together, they make up about 31% of all the oil produced in the U.S. each day! That's a lot, right? Imagine this: the oil they produce every day is almost as much as entire countries like Kuwait and the UAE produce! Why does this matter? Well, these big deals between companies help them grow bigger, work better, and use resources smarter. Do you think this will make them do even more deals like this in the future? #OilAndGas #OilMarket #UpStreamBusiness

Europe’s oil and gas production landscape has evolved hugely in the last 10 years, with regional players gaining prominence and leading the production charts over the majors. While US majors are leaving the market, regional players like Vaar Energi, Aker BP and Harbour Energy have recorded significant growth through recent mergers and acquisitions. In 2019, Vaar Energi acquired stakes in several Norwegian assets from ExxonMobil for $4.5 billion. In 2021, Aker BP acquired the oil and gas business of Lundin Energy for around $14 billion, helping the company become the largest independent producer in Europe. More recently Harbour Energy acquired almost all of Wintershall Dea’s upstream assets for more than $11 billion. To gain insights into the corporate strategies of European companies, their growth stories, strengths, weaknesses and priorities in resilience, decarbonization and diversification, contact us to learn more about our corporate strategy benchmarking report. https://lnkd.in/dNTcR_Ne #oilandgas #mergersandacquisitions #rystadenergy

This chart is probably the best way to show the turbulence of Europe's oil and gas players landscape. Now it's dominated by regional players with Aker BP being the top independent producer in Europe. In our new corportae strategy benchmarking report you will get insights on how these players navigate energy transition and build resilience to remain competative. #corporatestrategy #sustainability

In this article, Rystad Energy discusses the evolving oil and gas market in Europe and raises a very important topic regarding oil-importing nations. We often discuss which majors are leading in oil and gas exports, but just as important is who is able to provide oil and gas services regionally. The article mentions that over the past decade, regional players have gained ground and are beginning to lead the charts in providing oil and gas services. This is possible thanks to majors like Exxon selling their European assets and regional players acquiring them, which allows them to provide those same services. This is important as it will completely restructure who provides oil and gas for Europe and can lead to further Economic growth in the sector, and could lead to a rise in a new European major. #pge301

🌐 ExxonMobil acquires Pioneer Natural Resources in a $59.6 billion all-stock deal, creating the largest oil producer in the Permian Basin. 🛢 The acquisition grants Exxon access to Pioneer's 1.4 million acres in the Delaware and Midland basins, with an estimated potential of 16 billion barrels of unrefined oil. 📈 The deal aims to transform Exxon's upstream portfolio, increase low-cost supply production, and introduce short-cycle capital flexibility, while betting on the long-term sustenance of the traditional fossil fuels industry. ❗ Share your thoughts in the comments and click the link below for the full report. 🚨 Sign up to our Exclusive Weekly Newsletter here: http://eepurl.com/ic1Kyv by Rui Ren Lee, Ardia Daniswara, Varun V., @Wei Kai Lim (KCL) & Mikołaj Borowiak, Argyro Charizona, Angelo Passaro, Rares Ionescu, Ruben van der Lubbe, Muhammad Adnan (Bocconi) #MergerSight #ExxonMobil #PioneerNaturalResources #PermianBasin #OilAndGas

1 + 1 = 3 ExxonMobil this month completed the $60 billion acquisition of Pioneer Natural Resources after the #FTC declined to challenge the transaction, making the company the biggest oil and gas producer in the Permian Basin. Exxon CFO Kathryn Mikells talked me through the outlook for deals and how to achieve $2 billion in synergies per year. Here are some highlights from our chat.—Nina Trentmann Q. Exxon held more than $33 billion in cash and equivalents at the end of March. How important is M&A when thinking about capital allocation? A. First and foremost, we need to be continuing to invest in what's a very good business that earns high returns. When we think about M&A, we need one and one to equal three. We need M&A to be both a good strategic fit for the company but, more importantly, we have got to see significant synergies in M&A in order to more than justify whatever price we’re going to have to pay.

ConocoPhillips always on the move! Joined this great organization back in 2012 when decision was made to spin off its downstream business and become the world's largest upstream company. Within few years, great achievements were made possible with excellent integrated team effort Rod McLennan, P.Eng, MBA: Knowledge Sharing Champion, Best Poster, Design of longest well, Improved well trajectory. (Impacted largest Canadian Field development -Surmont- with $100x million investment) ·        Demonstrated positive business cases (Step wells: saved > $200k per well and added ~10% extra reserve, Long wells: saved~$600k per well, Flow Control Devices: 12-100% field-well production acceleration) ·        Led CPC-TotalEnergies Joint Technical Team and carried out Parametric/well length study with TotalEnergies subject matter experts where an integrated scope of work was developed and results reported to Senior Management ... Any relevant success stories to share? "ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation." #ConocoPhillips #Maraton #acquisition #Oil #unconventional https://lnkd.in/dEWQ88Wv

Equinor and Shell will merge their UK offshore oil and gas assets into a new joint venture, co-owned 50/50. We've released a video featuring discussions with Nick Williams, Gail Anderson, and Luke Parker about this significant deal. In the video, we explore: - The combined portfolio and key assets. - Synergies and future growth opportunities. - The value and potential risks of the new portfolio. We also discuss the strategic reasons behind the merger and its impact on the UK North Sea. Watch the video here: https://okt.to/HIdLhx