LNG Major Woodside Says No Takeover Bid Received From Exxon (1)

Woodside Energy Group said it was not in discussions with Exxon Mobil Corp. over a potential takeover, while an analyst said any deal would likely face regulatory hurdles if it came to fruition.

Exxon is studying potential acquisition targets including Woodside as it looks for further scale in the liquefied natural gas sector, people familiar with the matter told Bloomberg. The discussions are internal, and at an early stage, they said.

Woodside is not aware of an incoming bid and confirmed it had not been in discussions with Exxon to date, the company said in a statement Monday.

Any ...