ExxonMobil Has Its Sights on Its Next Megamerger. Here's the Oil Stock It Should Buy.
Woodside isn't the only LNG target available.
ExxonMobil Has Its Sights on Its Next Megamerger. Here's the Oil Stock It Should Buy.
Overview
Just two years after completing its $60 billion acquisition of Pioneer Natural Resources, ExxonMobil (NYSE: XOM) may already be looking for its next major deal.
And there's reason to believe it could be Woodside Energy (NYSE: WDS).
Details
While discussions reportedly remain in the early stages, Exxon appears focused on expanding its position in liquefied natural gas (LNG), one of the fastest-growing segments of the global energy market.
Source
Originally published at www.fool.com.
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