Isn't it ironic that Anadarko announces a reduction in headcount at the same time that ExxonMobil announces an end to share buybacks? People have been spreading this rumor that Exxon was interested in Anadarko and I called baloney, but now I am not so sure.
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Or like, a black fly in your Chardonnay...
It isn't "ironic" you moron. It's either two related incidences or a coincidence. Irony is a fire hydrant that catches on fire or a guy dying of thirst in the desert ultimately gets run over by a truck delivering water.
I don't think Exxon is hurting from a lack of cash; there's no better time than now to do share buybacks (when the price is cheap). Something else must be going on.
I've heard that XOM is truly eyeing Chevron
http://www.houstonpublicmedia.org/articles/news/2016/02/02/136490/oil-industry-giants-report-losses-layoffs-and-lower-profits/