Has the deal value been announced?

No deal value has been announced yet, as talks are still in a very early stage.

Why is Exxon Mobil interested in Woodside?

Exxon aims to strengthen its LNG portfolio and gain access to growing Asian markets.

What are the potential regulatory challenges?

The deal is expected to face strict regulatory scrutiny in Australia and antitrust concerns in the global gas market.

Exxon Mobil Eyes Potential Bid for Woodside Energy

Exxon Mobil (XOM) is considering a potential bid for Woodside Energy (WDS), Australia's largest gas exporter. The discussions are preliminary and internal, according to sources cited by Bloomberg.

June 12, 2026

2 min read

Source: Investing.com

Exxon Mobil Corporation (NYSE:XOM) is in early-stage internal discussions about a potential acquisition of Woodside Energy Group (ASX:WDS), Australia's largest liquefied natural gas (LNG) exporter, according to a Bloomberg News report citing people familiar with the matter.

Deal Details

Potential Buyer: Exxon Mobil (XOM)
Target: Woodside Energy (WDS)
Stage: Very early, internal talks only
Value: Not disclosed yet
Payment Method: Not specified
Premium: Unknown

Rationale Behind the Deal

The move aligns with Exxon Mobil's strategy to strengthen its LNG portfolio, as Woodside holds significant assets in Australia and the Pacific region. The acquisition could also give Exxon access to growing Asian markets.

Regulatory Challenges

The deal is expected to face intense regulatory scrutiny in Australia, where Woodside is considered a strategic national asset. Antitrust concerns in the global gas market may also arise.

Impact on Stocks

Neither company has issued an official comment. Any developments could affect XOM and WDS shares, especially given the market's sensitivity to major energy M&A.

Frequently Asked Questions

Woodside Energy is Australia's largest LNG exporter, listed on the Australian Securities Exchange (ASX:WDS).

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.