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It's only a matter of time before Exxon Mobil (NYSE:XOM) makes a large strategic acquisition, Oppenheimer analyst Fadel Gheit says.
- XOM has an unparalleled financial flexibility, as the only AAA credit-rated company among peers and having 3.7B shares in its treasury with a current market value of at least $320B, or ~59% above the market cap of its largest competitor, Gheit writes, expecting it to "capitalize on its competitive advantage by making a large strategic acquisition" in the current oil downturn to make up for the disappointing $41B purchase of XTO in 2010.