Dealert› Deals› Oil & Gas
Sub-sector · Oil & Gas

Recent Oil & Gas M&A deals

Transactions classified within the Oil & Gas sub-sector. Sectors follow a structured hierarchy so filters and comparable sets stay reproducible.

Deals in this slice
1,877
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
Up to 10 recent records, newest first
Account benefit
Full
All records, filters & exports
Recent transactions

Public snapshots in Oil & Gas

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
17 oil fields in Venezuela North American Blue Energy Partners Oil Exploration & Production - Onshore $850M – $1,150M 3× – 5×
Gulf Keystone Petroleum Shamaran Petroleum Oil & Gas Exploration and Production (NEC) $580M – $780M 4× – 5×
Port Arthur LNG Phase 2 Blackstone Credit & Insurance, KKR, Apollo funds, Goldman Sachs Alternatives Natural Gas Exploration & Production - Offshore $7,000M 11× – 14×
Irving Oil Québec and Ontario retail assets Alimentation Couche-Tard Inc. Gasoline Stations $45.0M – $60.9M 6× – 8×
Athabasca Oil Corporation Cenovus Energy Inc. Unconventional Oil & Gas Production $4.0M 5× – 6×
Bay du Nord project Shell Oil Exploration & Production - Offshore $10,500M 17× – 23×
Chevron's ownership interests in Hess Midstream and DJ Basin crude oil midstream assets Hess Midstream LP Oil & Gas Refining and Marketing (NEC) $200M 8× – 10×
Eagle Ford Assets Crescent Energy Oil Exploration & Production - Onshore $4,200M 5× – 6×
Athabasca Oil Cenovus Energy, Cheung Kong Holdings and family trusts Oil Exploration & Production - Onshore $40.0M 4× – 6×
Eagle Ford assets Crescent Energy Company Unconventional Oil & Gas Production $4,200M 6× – 8×
Showing 10 of 1,877 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Oil & Gas

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

3.5×
15
4.0×
43
4.5×
35
5.0×
65
5.5×
30
6.0×
41
6.5×
30
7.0×
27
7.5×
20
8.0×
18
8.5×
9
9.0×
4
9.5×
1
10.0×
6
Mean
5.96×
Median
5.71×
P25
4.94×
P75
6.94×
P90
8.00×

EV / EBIT

5.0×
22
5.5×
28
6.0×
22
6.5×
45
7.0×
30
7.5×
26
8.0×
36
8.5×
34
9.0×
22
9.5×
18
10.0×
19
10.5×
12
11.0×
9
11.5×
6
12.0×
3
12.5×
4
13.0×
3
13.5×
4
14.0×
1
Mean
8.11×
Median
7.92×
P25
6.67×
P75
9.28×
P90
10.75×

EV / Revenue

0.3×
85
0.5×
31
0.8×
18
1.0×
41
1.3×
64
1.5×
38
1.8×
20
2.0×
10
2.3×
12
2.5×
13
2.8×
5
3.0×
2
3.3×
3
3.5×
4
3.8×
1
Mean
1.23×
Median
1.24×
P25
0.50×
P75
1.60×
P90
2.33×
Early-stage & growth companies

EV / Revenue

1.0×
1
1.3×
7
1.5×
4
1.8×
2
2.0×
3
2.3×
2
2.5×
2
3.0×
3
3.3×
1
4.3×
1
4.5×
1
4.8×
3
5.3×
1
6.0×
1
6.5×
2
6.8×
1
7.0×
4
8.0×
2
8.3×
1
8.8×
2
10.5×
2
11.0×
1
11.3×
1
12.0×
1
12.5×
2
13.5×
1
14.0×
1
15.0×
1
16.0×
2
16.5×
1
18.8×
1
Mean
6.32×
Median
4.85×
P25
2.04×
P75
8.87×
P90
13.78×

Looking at a different slice?

Use the directory on the recent deals hub to switch between countries, sectors and sub-sectors. A free account unlocks the structured filters that go beyond the public view.

Browse the directory Create a free account