Goldman Sachs and RBC Capital Markets were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector in 2023 by value and volume, respectively according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that Goldman Sachs achieved its leading position in terms of value by advising on $186 billion worth of deals. Meanwhile, RBC Capital Markets led in terms of volume by advising on a total of 34 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “RBC Capital Markets was the top adviser by both deal volume and value in 2022 but was able to retain its leadership position in terms of only volume in 2023 and settled for the 10th position by value during the year.

“Meanwhile, Goldman Sachs, which held the third spot by value in 2022, occupied the top spot by this metric in 2023. It registered a massive jump in the total value of deals advised in 2023 compared to 2022 due to its involvement in high-value transactions. During 2023, Goldman Sachs advised on 12 billion-dollar deals* that also included two deals valued more than $50 billion.”

Morgan Stanley occupied the second position in terms of value, by advising on $178.2 billion worth of deals, followed by Bank of America with $117.7 billion, JP Morgan with $99.5 billion and Evercore with $92.8 billion.

Meanwhile, JP Morgan occupied the second position in terms of volume with 20 deals, followed by Evercore with 19 deals, Barclays with 18 deals and Goldman Sachs with 16 deals.
Source: GlobalData