Energy sector resists broader M&A slump
The energy and power sector had one of the lowest rates of decline amid a broader M&A slump globally.
Why it matters: Energy and power's resiliency is good news for startups and smaller companies preparing for worsening economic conditions.
Yes, but: The sector also saw fewer deals compared to others, suggesting that the majority of M&A activity came from just a handful of deals, per data from Refinitiv provided exclusively to Axios.
Quick take: As one investor recently told Axios, energy and power remains one of the surest investments anyone can make given turbulent market conditions.