What is the potential value of the deal?

The financial terms have not been disclosed.

Why does Exxon Mobil want to acquire Woodside Energy?

To strengthen its presence in the LNG market in the Asia-Pacific region.

Exxon Mobil Eyes Acquisition of Australia's Woodside Energy

Q: What are the potential regulatory hurdles?

The deal may face review by Australia's Foreign Investment Review Board and competition authorities.

Exxon Mobil (XOM) is considering acquiring Australia's Woodside Energy, according to a Bloomberg report. Financial terms are undisclosed, but the deal could boost Exxon's LNG portfolio.

June 16, 2026

2 min read

Source: Insider Monkey

Exxon Mobil Corporation (NYSE:XOM) is exploring the acquisition of Australia's Woodside Energy, according to a Bloomberg report on June 12. No formal agreement has been announced, and the talks are in early stages.

Deal Details

Value: Not disclosed.
Payment method: To be determined.
Premium: Unknown.
Expected close: Not specified.

Rationale

The acquisition would strengthen Exxon's position in the liquefied natural gas (LNG) market, particularly in the Asia-Pacific region. Woodside Energy holds significant assets in Australia, including the Scarborough LNG project.

Regulatory Challenges

The deal may face scrutiny from Australia's Foreign Investment Review Board and competition authorities, given the strategic nature of energy assets.

Impact on Stocks

Exxon Mobil's stock (XOM) showed little movement following the report, as the talks are preliminary. Any formal announcement could lead to stock volatility based on deal terms.

Frequently Asked Questions

No, Exxon Mobil has not made any formal announcement. The report indicates talks are in early stages.

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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.