Thursday evening, the Wall Street Journal reported that ExxonMobil and Pioneer Natural Resources are close to announcing a merger. This was the second time that the Journal had reported on a potential merger between the two companies. This potential deal could rank as the 3rd largest transaction since 1995 (based on the reported valuation), only behind Exxon acquisition of Mobil and Shell acquisition of BG Group. Given the significance and size of this potential transaction, we thought it would be helpful to visit with Osmar Abib, PEP Advisory Board Member and former Chairman of Global Energy for Credit Suisse. Osmar brings a wealth of experience to these situations, given his long history of advising some of the largest energy companies in the world.
Access the webcast recording: PEP Perspective from Industry Veterans
Osmar Abib is the Founder of the SeracFund, an energy and climate focused investment fund, and is the former Chairman of Global Energy / Global Head of Energy Investment Banking at Credit Suisse.
Mr. Abib served as an investment banker for 30+ years leading an extensive number of public offerings and M&A transactions across every vertical within the energy sector globally. During his lengthy career, Mr. Abib’s client engagements comprised a number of the most significant transactions in the energy sector including the IPO of Saudi Aramco, the spinoff of Phillips 66, the sale of Cameron to Schlumberger and the unsolicited acquisition of Baker Hughes by Halliburton.
PEP Chief Investment Officer
Dan Pickering is the Founder and currently serves as the Chief Investment Officer of Pickering Energy Partners. Pickering has previously served as the President of Tudor, Pickering, Holt & Co. (TPH), and Chief Investment Officer of TPH Investment Management. He has spent 30 years as an Energy Portfolio Manager, Researcher, and Analyst, first at Fidelity Investments (where he managed ~$1 billion of energy sector funds), then as Head of Research at Simmons & Company and as the founding partner of Tudor, Pickering, Holt & Co. Pickering also sits on the Board of Trustees for Texas Children’s Hospital and the Texas Children’s Hospital Foundation, as well as the Advisory Board of Capital Creek Partners, Midway Companies, the Houston CFA Society, Dynamo Energy Hub and the Energy ESG Council.
PEP Managing Director
Josh Martin serves as Managing Director for Pickering Energy Partner’s (PEP) Research team. Prior to PEP, he served in the Institutional Sales and Capital Markets department at Heikkinen Energy Advisors. Prior to joining the firm, he worked for 9 years at Tudor, Pickering, Holt & Co with responsibilities in their Institutional Sales and Capital Markets departments after working as an Equity Trader.
He holds a BA in International Studies from the University of St. Thomas. He holds Series 7, 55, 63, & 79 licenses.