Behemoth stood still when oil hit record highs, now has $40B for buying spree
(NEWSER) - Flush with cash after resisting costly acquisitions while oil prices hit record highs, Exxon Mobil could be ready for a shopping spree that could alter the face of the world’s energy supply, reports the Wall Street Journal. The company has nearly $37 billion in reserves and could target another oil company, like Shell, and “change the industry structure forever,” say analysts. More»