Citi and Jefferies topped the list of financial advisers for mergers and acquisitions (M&A) in the oil and gas sector based on value and volume, respectively, in 2024, according to GlobalData, a data and analytics company.
GlobalData’s deals database analysis revealed that Citi secured the top position in terms of value by advising on deals worth $60.8bn. Jefferies, on the other hand, led in terms of volume by advising on 23 deals.
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GlobalData lead analyst Aurojyoti Bose said: “Jefferies registered improvement in the total number of deals advised by it, and its ranking by volume also improved from the seventh position in 2023 to the top position in 2024. Moreover, some of the deals advised by it were big-ticket deals, which helped it secure the third position by value as well. During 2024, Jefferies advised on 11 billion-dollar deals that also included one megadeal valued at more than $10bn.
“Meanwhile, Citi advised on two such megadeals during the year, which were instrumental for it in securing the top position by value in 2024. Apart from leading by value, Citi also held the sixth position by volume during the year.”
JP Morgan followed closely behind Citi in terms of value, advising on deals totalling $54bn, followed by Jefferies with $50.8bn, Goldman Sachs with $44bn and Evercore with $42.8bn.
In terms of deal volume, Evercore took the second spot with 18 deals. Although Royal Bank of Canada also advised on 18 transactions, it took the third spot because of lower deal value.
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By GlobalDataPiper Sandler and Barclays were fourth and fifth in the list with 14 and 12 deals, respectively.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on 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 to the data, the company also seeks submissions of deals from leading advisers.
