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Corporate buys drive US M&A to 4-year high of $84B in 2018
US upstream deals clocked in at $84.3 billion in 2018 according to the Global M&A Database, the highest total since oil prices fell from their peak in late 2014. Billion-dollar-plus deals fueled the surge in the back half of the year with a record-setting $32 billion in 3Q18 and $21 billion in 4Q18. BP’s transformational $10.5 billion purchase of most of BHP’s shale assets was the largest deal of the year and fourth largest since 2009.Last year almost tied......
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