Exxon Mobil is evaluating a potential acquisition of Woodside Energy Group, Australia’s largest liquefied natural gas (LNG) exporter. Internal discussions remain in early stages with no guarantee of an official offer.
The deal would secure Woodside’s long-term sales agreements with major buyers in Japan and South Korea. This strategy aligns with a broader industry shift toward LNG as a primary growth driver in Asia.
Woodside shares rose significantly following the reports, while Exxon shares also traded higher. Both companies declined to comment on the speculation.