What is oil & gas investment banking?

Oil & Gas Investment Banking Definition: In oil & gas investment banking, professionals advise companies that search for, produce, store, transport, refine, and market energy on raising debt and equity and completing mergers and acquisitions. In this article, we’ll assume that there are 5 major verticals within oil & gas:

Do banks own oil & gas deposits?

They do not own oil & gas deposits directly. If you work in oil & gas investment banking, you’ll normally specialize in one of these verticals, which could be good or bad depending on market conditions and your long-term goals. Different banks classify their oil & gas groups differently.

How do banks classify oil & gas?

Different banks classify their oil & gas groups differently. For example, Morgan Stanley has an “Energy” group that includes oil & gas, while Goldman Sachs and BofA both put it in “Natural Resources.” Oil & gas may also be grouped with mining, power/utilities, or renewable energy, but these sectors are all quite different in practice.