Morgan Stanley and JP Morgan were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector during the first half (H1) of 2023 by value and volume, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that Morgan Stanley achieved its leading position in terms of value by advising on $34.3 billion worth of deals. Meanwhile, JP Morgan led in terms of volume by advising on a total of 13 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan was among the only two advisers with double-digit deal volume in H1 2023. Moreover, it registered an improvement in deals volume in H1 2023 compared to H1 2022, which helped it improve its ranking by volume as well. JP Morgan went ahead from occupying the fifth position by volume in H1 2022 to top the chart by this metric in H1 2023.

“Similarly, Morgan Stanley also witnessed a significant jump in deal value in H1 2023 compared to H1 2022. Resultantly, it went ahead from occupying the 15^th position by value in H1 2022 to top the chart by this metric in H1 2023.”

Goldman Sachs occupied the second position in terms of value, by advising on $29.8 billion worth of deals, followed by Bank of America with $27 billion, Perella Weinberg Partners with $24.7 billion and JP Morgan with $24.2 billion.

Meanwhile, RBC Capital Markets occupied the second position in terms of volume with 13 deals, followed by Bank of America with eight deals, Evercore with eight deals and Jefferies with eight deals.