Energy M&A: Top 5 Deals of the Year and Outlook for 2025

The Oil/Energy sector witnessed dynamic M&A activity in 2024, driven by shifting market dynamics and strategic realignments. Although the overall deal value fell to $26 billion from $60 billion in 2023, the year stood out for its focused consolidations and transformative acquisitions. Noteworthy transactions included major players such as Diamondback Energy (FANG) , ConocoPhillips (COP) , EQT Corporation (EQT) , Expand Energy (EXE) and Sunoco LP (SUN) , demonstrating the sector's strategic focus on growth a ...