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Corporate Deal Tracker
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CDT SNAPSHOT
1,713
The Corporate Deal Tracker tallied a record 1,713 transactions with a combined value of $1.20 trillion in 2025. But even those eye-popping numbers were eclipsed last week when Gibson Dunn’s Rob Little co-led a SpaceX–xAI deal pegged at a staggering $1.25 trillion in enterprise value.
CDT DATABASE YEAR-TO-DATE TRANSACTION TOTALS
FEB. 8, 2026
DEAL COUNT
52
DEAL VALUE
$338.9B
FEB. 8, 2025
DEAL COUNT
187
DEAL VALUE
$150.7B

ExxonMobil Finally Captures Pioneer for $64.5B

In a deal three times larger than any previous Texas M&A transaction this year, ExxonMobil is purchasing Pioneer Natural Resources in an all-stock acquisition. Pioneer GC Mark Kleinman turned to Gibson Dunn partners Jeff Chapman and Tull Florey and Goldman Sachs’ Suhail Sikhtian as his lead outside legal and financial advisors. ExxonMobil turned to Davis Polk partner Louis Goldberg and Citi as its advisors. Texas Lawbook deal writer Claire Poole has the details.

Claire Poole

CDT Roundup: 16 Deals, 13 Firms, 228 Lawyers, $6.6B

Refinitiv's numbers are out, and they tell us what we already know: M&A is down worldwide, marking the slowest nine months since 2013. But there's good news, and the Roundup has it — along with the weekly list of deals and the lawyers who advised them.

Claire Poole

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The Evolving Role of ESG in M&A: Balancing Risks and Opportunities

Environmental, social and governance considerations play an increasingly important role in M&A transactions. In any given deal, however, it can be challenging to qualitatively and quantitatively assess relevant ESG factors, perform appropriate levels of ESG due diligence and plan for appropriate remedial steps or capture ESG opportunities post-closing. M&A acquirers should seek experienced guidance on these considerations to enhance value, mitigate risks and better incorporate financial and non-financial measures into their deal evaluations.

Lande Spottswood & Jon Solorzano

WTF Does ESG Really Mean for M&A?

Panelists from five firms at the UT Law M&A Institute on Thursday concluded that ESG issues, both financial and legal, are moving toward greater focus in M&A transactions; perhaps at different paces depending on industry or geography, but evolving nonetheless in ways that need the attention of lawyers.

Allen Pusey

Civitas to Acquire $2.1B in Permian Assets from Vitol’s Vencer Energy; Kirkland and Latham Advised

Vowing to pursue a net-zero emissions strategy when it was formed just two-and-a-half years ago with the merger of two Denver-based producers, Civitas has been aggressive in its acquisition of assets in the Permian and Denver-Julesburg Basins. And Vitol, a global energy giant, has been an active player in virtually every energy platform available in the U.S. Lower 48.

Allen Pusey

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