Factbox: Biggest oil and gas sector deals since start of the century

Holly Energy Partners LP

11/10/2023 11:56

(Updates deal details in paragraph 1, adds Chevron deal in
2005)
       Oct 11 (Reuters) - U.S. energy major Exxon Mobil  XOM.N 
said it would acquire Pioneer Natural Resources in a deal valued
at $59.5 billion to more than double the company's presence in
the Permian Basin, the largest shale play in the U.S. 
    Once completed, it would be Exxon's biggest acquisition
since its $81 billion deal for Mobil in 1998.
    
    Here are the major deals in the global oil and gas sector
since the 2000s: 
           
    2001
    Chevron  CVX.N  buys Texaco in a $39.5 billion deal and
emerges as one of the largest energy firms in the world. 
    
    2002
    Shareholders of Conoco and Phillips Petroleum, and the
Federal Trade Commission approve an $18 billion merger between
the companies and created the third-largest U.S. oil firm
ConocoPhillips.
    
    2005
        Chevron agrees to buy California rival Unocal for about
$16.4 billion after fighting off Italian oil group Eni  ENI.MI ,
CNOOC and other rumored suitors.
  
    
    2006
    ConocoPhillips  COP.N  acquires Burlington Resources in a
$35.6 billion deal and gains access to lucrative positions in
North American gas-rich basins. 
    2007 
    Norway's Statoil buys the oil and gas assets of Norsk Hydro
for $30 billion to create a new energy firm, Equinor  EQNR.OL . 
     
    2010 
    Exxon Mobil  XOM.N  acquires XTO Energy for about $30
billion in stock to bolster its position as a leading U.S.
natural gas producer.
    
    2012
    Russia's state oil company Rosneft  ROSN.MM  buys TNK-BP
from UK-based BP  BP.L  in a $55 billion deal.
    
    Kinder Morgan finalizes a $21 billion deal to buy El Paso
Corp, combining the two largest natural gas pipeline operators.
    
    2014
    Kinder Morgan  KMI.N  buys all of its publicly traded units
(Kinder Morgan Energy Partners LP, Kinder Morgan Inc with Kinder
Morgan Management and El Paso Pipeline Partners) under one roof
in a $70 billion deal.
    
    2015
    Shell (then Royal Dutch Shell)  SHEL.AS  acquires British
rival BG Group in a $70 billion deal.

    2018
    Marathon Petroleum  MPC.N  takes over rival Andeavor for $23
billion. 
    
    2019
    Occidental Petroleum  OXY.N  acquires Anadarko Petroleum in
a $38 billion deal. 

    2020
    ConocoPhillips  COP.N  buys Concho Resources for $9.7
billion in 2020's top shale deal.
   
    Saudi Aramco  2222.SE  completes its purchase of a 70% stake
in petrochemicals company Saudi Basic Industries for $69.1
billion. 
    
    PipeChina takes over oil and gas pipelines, and storage
facilities from PetroChina and Sinopec in a deal valued at $55.9
billion.    
    2021
    Norway's Aker BP  AKRBP.OL  buys Sweden's Lundin Energy in a
$13.9 billion cash and stock deal, to form Norway's second
largest listed oil firm.
    
    BHP Group  BHP.AX  agrees to sell its petroleum business to
Woodside Petroleum in a merger to create an oil and gas producer
worth $28 billion with growth assets in Australia and the
Americas.
    
    2023
    Magellan Midstream Partners' unitholders vote in favor of
its sale to larger rival ONEOK  OKE.N  for $18.8 billion,
creating one of the largest U.S. energy pipeline companies.
    

    
         

 (Reporting by Seher Dareen, Sourasis Bose and Roshia Sabu in
Bengaluru; Editing by Shinjini Ganguli and Arun Koyyur)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))