Woodside not in discussions with Exxon Mobil amid takeover speculation
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The news: Woodside Energy has confirmed it is not in discussions with Exxon Mobil regarding a potential acquisition bid, stating it is unaware of any proposal following an earlier Bloomberg report.
The context: This follows a report over the weekend that Exxon Mobil is studying potential acquisition targets, including Woodside, as it aims to expand its presence in Asian markets.
Exxon is currently holding early-stage internal discussions, with Woodside being one of several identified targets, a source told Bloomberg.
Rival Santos is also along the few alternatives for would-be suitors and has been the target of repeated takeover bids.
Woodside and Exxon are already partners in the Bass Strait project, with Woodside taking over as operator last year.
