Australian energy giant Woodside has denied any knowledge of a takeover proposal involving US-based energy heavyweight Exxon Mobil.
In response to recent media speculation about ExxonMobil eyeing potential acquisition targets to expand its LNG footprint, the Australian player was quick to dismiss reports of potential business combination talks with the US giant, stressing that it is not involved in any negotiations with the US company.
In the face of rumors circulating in the industry media, Woodside sheds light on this “He is not aware of any proposal and confirms that he is not in discussions regarding a potential deal with ExxonMobil.”
The company insists that it will continue to comply with its ongoing disclosure obligations in a move to reassure its shareholders.
These media reports come shortly after Woodside decided to increase its interest in Australia’s giant untapped conventional gas resources through… Exercise her pre-emption right.
Based on Economic impact assessment By Deloitte Access Economics The project could contribute more than A$141 billion (US$98.7 billion) to national GDP.
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