These Companies May Be Targets If ExxonMobil Goes Shopping

Wolfe Research’s Paul Sankey and team think ExxonMobil (XOM) will go shopping for a smaller rival–and believe Anadarko Petroleum (APC), Hess (HES), Continental Resources (CLR), and Whiting Petroleum (WLL) could be potential targets. He explains his reasoning: Bloomberg News We re-shape our ExxonMobil target takeover list based on management comments at [yesterday's] analyst meeting, which suggested to us that an opportunistic acquisition [...]