3 Biggest Energy M&A Trends In 2019: Midyear Report
By Keith Goldberg (July 3, 2019, 1:45 PM EDT) -- Diverging fortunes within the oil and gas industry and improving fortunes in the renewable energy industry are the story of energy deal-making so far in 2019.
The oil and gas industry was rocked by Occidental Petroleum Corp. outlasting Chevron Corp. in a $30 billion-plus bidding war for Anadarko Petroleum Corp., though the tie-up belied a struggle to strike deals in an upstream sector buffeted by oil price swings.
The midstream sector lacked a single deal with similar sizzle, but it made up for that with sheer volume as oil and gas infrastructure assets fetched plenty of buyers. And renewable energy remained...
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