Jake Berzon

8 Possible Targets for Exxon's Cash

Exxon will probably acquire something strategically. Chesapeake Energy on the surface looks like a good candidate, but Exxon has for years been replenishing the oil reserves they use up with natural gas reserves and Chesapeake is not cheap enough to make up for their poor financial health. It is more likely that they go for somebody who controls oil reserves, or make a play for something green (if they can find something big enough, promising enough and viable enough).