When oil prices fall, here’s who’ll hit the acquisition trail
US giants are better positioned than their European counterparts for M&A activity
US giants are better positioned than their European counterparts for M&A activity

Surge in foreign acquisition values reflects quality of assets, but at discount valuations

Boards should heed the lessons of the last record surge in big M&A in 2015

Industry reported $38bn in transactions in 2025 as consolidation intensifies

And the worst-case scenario for oil

Year saw 74% rise in takeovers of British groups by overseas bidders, data shows

Global dealmaking is up by a third this year, setting 2025 up to be the best 12-month stretch since 2021