Is Exxon Mobil actively pursuing a buyout of Woodside Energy, and what is the current status of this potential deal?

Exxon Mobil Corp is exploring potential acquisition targets, including Australia's Woodside Energy Group, according to Bloomberg News, citing people familiar with the matter; however, no formal offer has been made, and both Woodside and Exxon have declined to confirm or comment on the speculation—Woodside explicitly declined to comment, while Exxon did not immediately respond to Reuters' request for comment.

Why would Exxon Mobil consider acquiring Woodside Energy, and how does this align with broader industry trends?

Any move for Woodside would further strengthen Exxon Mobil's position in liquefied natural gas (LNG), a business that major energy companies increasingly view as a key growth area due to rising power demand boosting gas consumption—this strategic rationale is explicitly stated in the news body as the core motivation behind the evaluation.

Exxon Mobil Evaluates Potential Buyout of Australia's Woodside Energy

Jun 12, 2026

Exxon Mobil is exploring an acquisition of Australia's Woodside Energy to strengthen its liquefied natural gas (LNG) position amid rising power demand, sending Woodside shares up 6%.

reuters

2026-05-21

Exxon May Acquire Rights to Produce Oil in Venezuela, New York Times Reports

2026-05-26

Exxon, ConocoPhillips Seek Safeguards to Return to Venezuela

2026-06-12

Exxon Mobil Evaluates Potential Buyout of Australia's Woodside Energy

Exxon Mobil Evaluates Potential Buyout of Australia's Woodside Energy

FAQ