Analysts Predict ExxonMobil May Acquire Large Company to Boost its LNG Profile
Posted on Sep 24, 2007 in E&P, Financing, Markets and Competition | Comments Off on Analysts Predict ExxonMobil May Acquire Large Company to Boost its LNG Profile
Platts Oilgram News reports that analysts predict ExxonMobil may spend some of its $230 billion reserves buying a large company that would boost its LNG production sector. An analyst with Oppenheimer said that a large acquisition in 2008 is key to the company’s long-term strategy, a view in line with an August Credit Suisse report. However, an analyst with Benchmark suggested that such an acquisition would be out of character, and that ExxonMobil would be better served shoring up its exploration sector. [Subscription required]