Deals
Oil and Gas Deals Outpacing 2015 as Exxon Acquires InterOil
- Sector’s M&A in North America reaches $43.9 billion this year
- 2015 had lowest level of mergers and acquisitions since 2004
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Exxon Mobil Corp.’s agreement to buy InterOil Corp. boosted deal activity this year well beyond 2015, but don’t expect a big surge.
North American oil and gas deals this year reached $43.9 billion, according to data compiled by Bloomberg. That outpaces $39.4 billion in activity for the same period last year. It’s not a high threshold -- 2015 as a whole marked the lowest level since 2004.