TD Securities and Evercore were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector during the first quarter (Q1) of 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised.

Based on its Deals Database, the leading data and analytics company has revealed that TD Securities achieved its leading position in terms of value by advising on $10.4 billion worth of deals. Meanwhile, Evercore led in terms of volume by advising on five deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Evercore was the top adviser by volume in Q1 2024 and managed to retain its leadership position by this metric in Q1 2025 as well. Apart from leading by volume, Evercore also held the 10^th position by value in Q1 2025.

“Meanwhile, TD Securities, which led by value in Q1 2025, was not even among the top 10 during the same period in the previous year. During Q1 2025, the firm advised on only two deals, but one among them was the $10.4 billion Whitecap Resources-Veren merger deal. This mega deal played a pivotal role for TD Securities in securing the top spot by value.”

An analysis of GlobalData’s Deals Database reveals that Bank of Nova Scotia, BMO Capital Markets and National Bank of Canada jointly occupied the second position by value with each of them advising on $10.4 billion worth of a deal, followed by RBC Capital Markets with $6.5 billion worth of deals.

Meanwhile, RBC Capital Markets occupied the second position in terms of volume with four deals, followed by JP Morgan with four deals, Perella Weinberg Partners with four deals, and Citi with three deals.