Announcement
Woodside Energy Ltd (ASX:WDS) issued a statement on Monday confirming that it is not engaged in any discussions with Exxon Mobil Corp (NYSE:XOM) regarding a reported potential takeover.
Background of Speculation
The speculation originated from a Bloomberg report published on Friday, which said Exxon Mobil was evaluating a possible offer for Woodside as part of its strategy to expand its presence in the liquefied natural gas (LNG) market.
LNG Strategic Context
LNG is identified in the article as a key growth area, driven by rising global power demand from artificial‑intelligence data centres. Woodside’s principal project in the United States is the Louisiana LNG facility located on the East Coast.
Political Reaction
Western Australia Premier Roger Cook publicly opposed any takeover that would result in moving Woodside’s headquarters out of the state, stating his stance on Sunday.
No other details such as financial terms, timelines, or regulatory approvals were disclosed.