Is It Time for National Oil Companies to Renter the M&A Game

📆 7/18/2024 3:33 PM
📰 OilandEnergy

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M&A,Mergers And Acquisitions,Oil And Gas

National oil companies are poised to increase M&A activity, driven by diversification needs and attractive valuations.

National oil companies NOCs have been sitting on the sidelines of the latest merger frenzy in the industry, but the time may be right for these state-owned giants to return to spending on expansion via acquisitions, Wood Mackenzie said in a new report.

“With M&A valuations attractive and NOCs’ financial ratings at all-time highs, the drivers for NOCs to fill strategic gaps through international business development have never been stronger.” Some NOCs, especially from Asia and the Middle East, could look to take advantage of these opportunities, according to Boroujerdi.

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