The fall in oil prices will trigger a new wave of M&A in 2015

1. Oil prices fell by
more than 50%
in the past 6 months…
the last major drop in
the late 1990s created
today’s super majors.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

2. The sharp drop
in oil prices will
trigger a wave
of M&A.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

3. International oil companies
face intense cost pressure...
but mega mergers to drive
cost synergies are unlikely.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

4. Companies with strong cash flow
and healthy balance sheets will
leverage current M&A
opportunities; others
will need to define
strategies just to
survive.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

5. National oil companies
have the financial
muscle to capitalize
on M&A… watch
for distressed
companies to
come knocking.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

6. Financial investors will
be able to pick up deals
in 2015… but will need
confidence to see the
investments through
this tough period.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

7. Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney
Oil service companies,
certain to be hit hard,
are sharpening
their arrows for
consolidation.

8. O&G companies with
financial strength and
cash can reshape the
competitive landscape
to their advantage through
mergers and acquisitions.
Mergers and Acquisitions in Oil and Gas
Source: A.T. Kearney

9. For more information on
Mergers and Acquisitions
in Oil and Gas, please visit:
www.atkearney.com/oil-gas/ideas-insights/m-a