US natural gas markets surprised ExxonMobil by overperforming on output and underperforming on price, pushing back the expected payoff from the company’s $41 billion deal to buy gas producer XTO Energy. ExxonMobil’s acquisition of XTO, completed in June 2010, proved somewhat ill-timed. It saddled the major with a major North American natural gas producer almost… Keep reading → Tags: ExxonMobil, PNG LNG, Rex Tillerson, XTO Energy
