GlobalData: JP Morgan and Citi top M&A financial advisers by value and volume in oil and gas sector for 1Q21

JP Morgan and Citi were the top mergers and acquisitions (M&A) financial advisers in the oil and gas sector for Q1 2021 by value and volume, respectively. JP Morgan advised on six deals worth US$19.8 billion, which was the highest value among all the advisers. Meanwhile, Citi led in the volume terms having advised on 10 deals worth US$14.4 billion. A total of 352 M&A deals were announced in the sector during 1Q21, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Oil & Gas and Sector M&A Report Financial Adviser League Tables Q1 2021’, deal value for the sector increased by 66.7% from US$39 billion in Q1 2020 to US$65 billion in Q1 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Citi was the only firm that managed to advise on double-digit deal volume. It also managed to advise on some big-ticket deals that included three billion-dollar transactions, which helped it cross the US$10 billion mark and occupy the fourth position by value.

“JP Morgan also advised on three billion-dollar transactions but the deal values were relatively higher, which helped the firm occupy the top spot in terms of value. While the average size of deals advised by JP Morgan stood at US$3.3 billion, it was just US$1.4 billion for Citi.”

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