Exxon Studies Woodside Takeover to Expand LNG and Asian Markets
Updated
Updated · Bloomberg · Jun 12
Exxon Studies Woodside Takeover to Expand LNG and Asian Markets
3 articles · Updated · Bloomberg · Jun 12
Summary
Exxon Mobil has begun early internal discussions on possible acquisitions, with Australia’s Woodside Energy Group among several targets under review.
The company is exploring deals to deepen its position in liquefied natural gas and broaden its reach in Asian markets, according to people familiar with the matter.
The review remains at an early stage, indicating Exxon is assessing options rather than pursuing a confirmed bid for Woodside.
A Woodside deal would give Exxon a larger foothold in LNG at a time when major energy companies are seeking scale and market access in Asia.