Exxon is sitting on over $32G in cash. They aren’t paying the employees more so who is getting bought?
Hess
Marathon
Diamondback
Others?
What else would they do with all that cash with inflation so high?
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Anyone in the know with something to share? Most of what is written here is meaningless rumor.
@tocz+1jJkkCnW Nice. Complete horse cr@p but nice.
No acquisitions, EM is splitting up. Permian plus Guyana plus cash on the books to one Corp. Remaining upstream assets plus downstream plus debt to second Corp. Pipeline company to a third Corp. expect the announcement prior to 4Q earnings announcement.
Answer from OpenAI GPT-3:
“Exxon could use the cash to invest in new projects, such as renewable energy sources, or to expand its existing operations.
They could also use the cash to buy back shares of their own stock, or to pay dividends to shareholders.
They could use it to acquire other companies in the energy sector, such as Hess, Marathon, Diamondback, or others.”
Heard rumors the Qatari Sovereign Wealth Fund is buying large blocks of shares. We could be going from IOC to NOC by end of 2023.
No major acquisitions in the plan
twitter - now that there is synergy in management style
I heard SBF is consulting us on what to do with all of that….dough
If Keystone is approved. Joliet will be less profitable. Are they on the chopping block.
Alright hotshot - who in their right mind is going to drop $3-$4G for Joliet right now? PP had to borrow money to get Billings for 1/10th that.
Why acquire any company, when it's so simple, for executives without much imagination, to keep the shareholders happy by pumping up the dividends and increasing the share buyback program?
The price of oil so high and value of all oil companies are peaked.
This is the absolute wrong time to buy an oil company so I am absolutely sure EM will buy an oil company just prior to the market crashes.
Bad timing of buy-outs is an EM proprietary technology.
Will add a mega church in the empty buildings
Not buying, selling. Next to be sold is Corpus Christi. We moved any good people out of there and replaced them with ones we want to get rid of and those who are retiring. Selling it solves several problems; get rid of capacity we don’t need ahead of the recession, take out the trash without having to pay them three months pay, and ensure the buyer won’t be able to compete with us. After Corpus, Joliet is next, same gameplan. Thank you for your service.
No one is being acquired. They are buying back stock and giving executives larger bonuses and paying down debt since refinance rates will be higher. You don’t have mergers or acquisitions under the current administration. Stop feeding the trolls folks. The smart people like Chevron made the acquisition of Noble at much lower prices. Company steadily selling assets off, not buying. Have to shrink company to meet ESG board member mandates not grow. Look for us to continue selling refineries since that’s where your scope 1/2 emissions mainly generated. Any acquisitions probably have to be ESG related like Denbury even if not run well, they just want the PR. Hopefully someone tells leadership the ESG business has lower rates of return.
I head we are buying FTX.
Fingers crossed they spin off the Permian/Uncon.
Ikea or chikfila
International asset management group IKAV
Similar to the BHP-WDS merger.
Chevron. New name : Exmoron
I concur that EM not likely to bring unrelated company onto campus.
Even though reserves addition outside of Guyana would be a good add, I think the current board will try to acquire a “Green” company.
Maybe battery manufacturer related?
Battery mineral supply related?
Wind power or Solar related?
Carbon sequestration related?
Biodiesel or other green fuels related?
EM will hold on to it until the next Black Swan event.
Cash, plus seemingly no regret to attrition. Shrink the headcount to blow it up again via merger. Also, why are they freeing up space on campus?? It’s really doubtful they’d bring a 3rd party on campus with their own security measures when EM is already taking so many precautions to protect the DW from employees. I call BS.
32 billion to bump up their own bonus
Denbury is more screwed up than XOM. Maybe someone useful like Enterprises Products.
Denbury was the one being floated around lately, people have been talking about Hess ever since the discovery in Guyana and it still hasnt happened