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2025

Upstream oil and gas pumpjack and production infrastructure, U.S. E&P operations

Year in Review: The 10 Biggest Upstream Stories of 2025

Twelve months. Eight articles a month from CIR. Dozens of stories tracked, hundreds of data points analyzed. Here are the ten upstream stories that actually mattered in 2025 — the ones that will shape what comes next. 1. The Post-Merger Integration Test 2024 was the year of the megadeal. 2025

Upstream oil and gas pumpjack and production infrastructure, U.S. E&P operations

Best and Worst Operators of 2025

Editor's Note: The following assessments represent CIR's analytical opinion based on publicly available financial data. They are not statements of fact and should not be construed as such. We run this exercise every December. No rankings methodology, no consultant-speak — just a direct assessment of who

Upstream oil and gas pumpjack and production infrastructure, U.S. E&P operations

2025 A&D Year in Review: Deals That Defined the Year

The 2024 M&A supercycle — anchored by ExxonMobil's $60 billion Pioneer acquisition and ConocoPhillips' $22.5 billion Marathon Oil deal — left the 2025 A&D market with a high watermark to match. It did not. But the year was far from quiet, and the deals