Mergers and acquisitions in the U.S. oil and gas sector tripled in 2024, reaching $206.6 billion, as companies focused on efficiency amid softer commodity prices. Exxon Mobil, Diamondback Energy, and ConocoPhillips led sector consolidation. Profits fell 10% to $74.8 billion, with spending on dividends down 25%. Exxon Mobil topped buyers at $84.5 billion.

Read more at Yahoo Finance: US oil and gas M&A activity tripled last year, report says