Exon is looking at purchasing Anadarko. Anadarko is down to just one third of it's value less than a year ago so appears to be a great bargain. Will Exon keep Anadarko employees on or lay them off?
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Could be Anadarko, Marathon, Devon or any large independent. All stocks are currently way down and Exxon could monetize the assets without all the G&A expenses.
I thought it was ExxonMobil? Also, I don't think APC is lean enough but who knows. I could also think of several companies that look better, but I think it would be easier to take over assets and not the whole company.
OP, Spell it right, It's Exxon, double 'x'...sign of the double cross. Easy to remember, yes?
The creator of the Exxon name and logo chose the double x as a reference to the parent company, Esso, for marketing recognition by the consumer. Exxon which was chosen as a modern representation of Standard Oil, S.O. (Esso) get it?
Anadarko may be interesting, but COP is juicier for the longer term.