석유개발기업들의 M&A 행동에 대한 분석 연구

This study analyzes the M&A trends in oil industry, oil companies’ M&A behavior, and case studies for growth made by M&A such as Anadarko, Devon, and Repsol YFP. Oil industry has adopted M&A with other oil companies and purchase oil fields which is producing as well as exploration and production for a stable energy supply and growth. Several oil companies have been stabilized financially in terms of M&A either focusing on specific resources or diversifying several natural resources since 2000. Since Korea has high overseas dependency in energy, it is likely to be affected by international energy market trends and resource nationalism. In this sense, M&A with existing companies could be considered as a promising alternative in terms of reducing the risk of exploration and development and increasing energy security.