NYSE:XOMOil and Gas
Exxon Mobil LNG Expansion Talks Confront Derivatives Loss And Leadership Shift
Exxon Mobil (NYSE:XOM) is reported to be in early talks over potential LNG acquisitions, including Australia's Woodside Energy, as it looks to expand in Asia following the closure of the Strait of Hormuz.
The company recorded a $3.9b derivatives trading loss in Q1, contributing to its lowest net income in five years.
Exxon Mobil has announced the retirement of its head of global trading after the loss, signaling leadership change in its trading division.
At a share price of $146.6, Exxon...