Is Exxon Mobil actively pursuing a takeover of Woodside Energy, and what is the current status of those discussions?

Exxon Mobil is studying potential acquisition targets including Woodside Energy Group as part of early-stage internal deliberations to deepen its presence in liquefied natural gas and Asian markets; however, these discussions are preliminary, and there is no certainty they will lead to an offer.

Why would a takeover of Woodside Energy be strategically significant for Exxon Mobil?

A move for Woodside — Australia’s top gas exporter — would expand Exxon’s presence outside the US and strengthen its position in LNG, a sector where it has lagged rivals like Shell and TotalEnergies; this priority has intensified since the war in Iran shut the Strait of Hormuz, disrupting global supply and driving Asian buyers to seek alternative LNG suppliers outside the Middle East.

Exxon Studies Takeover Targets Including Woodside Energy

Jun 12, 2026

Exxon Mobil is evaluating a potential takeover of Australia's Woodside Energy to expand its liquefied natural gas presence in Asia. Preliminary discussions are underway amid geopolitical tensions affecting global energy supply chains.

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Exxon Studies Takeover Targets Including Woodside Energy

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