Citi and Jefferies have emerged as the top mergers and acquisitions (M&A) financial advisers in the oil and gas sector for Q1 and Q3 2024 in terms of value and volume, according to the latest financial advisers league table by GlobalData.

According to the analysis of GlobalData’s deals database, Citi secured the leading position by advising on deals worth $53bn.

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Jefferies topped the volume chart with 15 deals.

GlobalData lead analyst Aurojyoti Bose stated: “Both Citi and Jefferies registered improvement in the volume and value of deals advised by them, respectively, as well as their ranking during Q1 to Q3 2024 compared with Q1 to Q3 2023. Jefferies’ ranking by volume improved from 11th during Q1 to Q3 2023 to the top position during Q1 to Q3 2024.

“Meanwhile, Citi moved from occupying the eighth position by value during Q1 to Q3 2023 to top the chart by this metric during Q1 to Q3 2024.

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“During Q1 to Q3 2024, Citi advised on six billion-dollar deals that also included two mega deals valued more than $10bn. The involvement in these big-ticket deals helped Citi register a significant jump in terms of value.”

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Following Citi in the value category, JP Morgan advised on deals totalling $48.9bn, with Goldman Sachs close behind at $39.7bn.

Jefferies and Evercore also reached the top five list in terms of value by advising on deals worth $39.5bn and $38.3bn, respectively.

Evercore followed Jefferies in deal volume with 15 deals, while RBC Capital Markets advised on 12, Barclays on ten and Lazard on nine.

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.​  

To ensure further robustness of the data, the company also seeks deal submissions from leading advisers.