Mouth-Watering five star rumors of a multi-billion pound energy deal swept dealing rooms! Shares in British gas producer BG Group have risen following market talk about ExxonMobil’s interest in the company, traders said.
Although both companies have yet to make a comment on the rumours, traders also said that Indian explorer Oil and Natural Gas Corp could also make a bid for BG Group, Reuters reports.
Petrobas, Royal Dutch Shell and ExxonMobil have all been mentioned in the same breath as BG in recent times. ExxonMobil, the largest publicly traded energy company, was touted as possible acquirer again yesterday but dealers said it already has enough on its plate after acquiring shale natural gas group XTO Energy for 19bn Sterling in December.
BG last month reported slightly better than expected fourth quarter profits of 1.1bn Sterling. It also published a very positive strategic update which highlighted a strong growth outlook to 2020.