Rystad Energy sees continued slowdown in global upstream M&A activity

Photo: Rystad Energy
Global upstream merger and acquisition (M&A) activity experienced a significant decline in early 2025, with deal values plunging 39% from the last quarter of 2024 to just $28 billion in 1Q2025, less than half the $66 billion recorded in the same period a year earlier, according to Rystad Energy.
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