Woodside Denies Exxon Takeover Talks as Exxon Studies LNG Targets
Updated
Updated · Bloomberg · Jun 14
Woodside Denies Exxon Takeover Talks as Exxon Studies LNG Targets
3 articles · Updated · Bloomberg · Jun 14
Summary
Woodside Energy said it has received no takeover bid from Exxon Mobil and is not in discussions over a potential acquisition.
Exxon is internally reviewing acquisition targets including Woodside, according to people familiar with the matter, but those deliberations are still early-stage.
LNG scale is driving the review, as Exxon looks for further expansion in the liquefied natural gas sector.
Any Woodside deal would likely face regulatory hurdles if it advanced, an analyst said, underscoring obstacles beyond the initial takeover speculation.