Xom has 1.6B treasury shares that it's saving for a big acquisition. BP would double xom's oil production. The combined cos. would have net income of $65B and a debt to equity ratio of 25%. Target price $55
This news today is going to make them much more of a buyout candidate. Lots less legal overhang now with this report saying what it is.BP is a STEAL right now..
not going to happen...too late for XOM to try buy BP now.BP will come back as strong as XOM and RDS.RDS should have bought it last year.