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FACTBOX-Biggest oil and gas sector deals since start of the century
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FACTBOX-Biggest oil and gas sector deals since start of the century

Updates deal details in paragraph 1, adds Chevron deal in 2005


- U.S. energy major Exxon Mobil XOM.N said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company's presence in the Permian Basin, the largest shale play in the U.S.

Once completed, it would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998.


Here are the major deals in the global oil and gas sector since the 2000s:

2001

Chevron CVX.N buys Texaco in a $39.5 billion deal and emerges as one of the largest energy firms in the world.


2002

Shareholders of Conoco and Phillips Petroleum, and the Federal Trade Commission approve an $18 billion merger between the companies and created the third-largest U.S. oil firm ConocoPhillips.


2005


Chevron agrees to buy California rival Unocal for about $16.4 billion after fighting off Italian oil group Eni ENI.MI, CNOOC and other rumored suitors.


2006

ConocoPhillips COP.N acquires Burlington Resources in a $35.6 billion deal and gains access to lucrative positions in North American gas-rich basins.

2007

Norway's Statoil buys the oil and gas assets of Norsk Hydro for $30 billion to create a energy firm, Equinor EQNR.OL.

2010

Exxon Mobil XOM.N acquires XTO Energy for about $30 billion in stock to bolster its position as a leading U.S. gas producer.


2012

Russia's state oil company Rosneft ROSN.MM buys TNK-BP from UK-based BP BP.L in a $55 billion deal.


Kinder Morgan finalizes a $21 billion deal to buy El Paso Corp, combining the two largest gas pipeline operators.


2014

Kinder Morgan KMI.N buys all of its publicly traded units (Kinder Morgan Energy Partners LP, Kinder Morgan Inc with Kinder Morgan Management and El Paso Pipeline Partners) under one roof in a $70 billion deal.


2015

Shell (then Royal Dutch Shell) SHEL.AS acquires British rival BG Group in a $70 billion deal.


2018

Marathon Petroleum MPC.N takes over rival Andeavor for $23 billion.


2019

Occidental Petroleum OXY.N acquires Anadarko Petroleum in a $38 billion deal.


2020

ConocoPhillips COP.N buys Concho Resources for $9.7 billion in 2020's top shale deal.

Saudi Aramco 2222.SE completes its purchase of a 70% stake in petrochemicals company Saudi Basic Industries for $69.1 billion.


PipeChina takes over oil and gas pipelines, and storage facilities from PetroChina and Sinopec in a deal valued at $55.9 billion.

2021

Norway's Aker BP AKRBP.OL buys Sweden's Lundin Energy in a $13.9 billion cash and stock deal, to form Norway's second largest listed oil firm.


BHP Group BHP.AX agrees to sell its petroleum business to Woodside Petroleum in a merger to create an oil and gas producer worth $28 billion with growth assets in Australia and the Americas.


2023

Magellan Midstream Partners' unitholders vote in favor of its sale to larger rival ONEOK OKE.N for $18.8 billion, creating one of the largest U.S. energy pipeline companies.





(Reporting by Seher Dareen, Sourasis Bose and Roshia Sabu in Bengaluru; Editing by Shinjini Ganguli and Arun Koyyur)

((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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