Major Oil Companies Have Half-Trillion Dollars to Fund Takeovers

Updated on
  • Exxon accounts for more than half of the available capital
  • U.S. giants favor their own shares; Europeans stockpile cash

An Exxon Mobil Corp. gas station.

Photographer: Luke Sharrett/Bloomberg

The world’s six largest publicly traded oil producers have more than a half-trillion dollars in stock and cash to snap up rival explorers.

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