M&A and the Oil and Gas Endgame
Key takeaways:
We see three strategic moves for forward-thinking oil and gas companies moving forward:
1) Exit the industry early before demand declines, minimising stranded assets and liabilities.
2) Diversification, following current customer demand trends to develop low-carbon energy, as a hedge to oil and gas revenue.
3) Efficiency, expand market share (consolidate), lower cost and carbon, focus on maximising cash and distributions.