Mergers and acquisitions are often used synonymously to describe a union (merger) between two companies. In this situation, one company buys part of or entire shares of another company. Oil and gas mergers and acquisitions are a tactic used by companies pursuing specific strategies that include expansion, growth, or competitive advantage.
Both parties getting into a merger are typically working towards their strategies. This process is usually complex and involves financial experts, lawyers, and business advisors who help to manage risks and failures.