
Reported value of global oil and gas transactions 2014
Global oil and gas transactions
Many global oil and gas transactions were valued between 10 and 100 million U.S. dollars, totaling about 16 percent of total transactions in 2014. During this year, about 4 percent of total transactions were valued over one billion U.S. dollars, while almost half of the transaction values remained unreported. Most transactions were corporate mergers and acquisitions or producing fields, both types accounting for 38 percent each. It is predicted that mergers and acquisitions will remain high in the liquid natural gas sector, despite lower oil prices.
Exxon Mobil was among the world’s largest oil and gas companies in 2014, with a market value totaling 422.1 billion U.S. dollars. In 1998, Exxon Corp and Mobil Oil Corp merged to form one of the largest M&As worldwide to date. This merger created the current Exxon Mobil structure and was valued at 78.9 billion U.S. dollars. Royal Dutch Petroleum Co and Shell Transport & Trading Co merged in 2004, under a transaction valued at 74.6 billion U.S. dollars to form Royal Dutch Shell, a company valued at 239 billion U.S. dollars. More recently, in 2014, Cheung Kong, Power Assets Holdings Ltd bought Envestra Ltd in a transaction worth 4.3 billion U.S. dollars.