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M&A Deal Summary

ExxonMobil Acquires InterOil

On July 21, 2016, ExxonMobil acquired oil/gas exploration company InterOil for 2.5B USD

Acquisition Highlights
  • This is ExxonMobil’s 7th transaction in the Oil/Gas Exploration sector.
  • This is ExxonMobil’s 5th largest (disclosed) transaction.
  • This is ExxonMobil’s 1st transaction in Singapore.

M&A Deal Summary
Date 2016-07-21
Target InterOil
Sector Oil/Gas Exploration
Buyer(s) ExxonMobil
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Credit Suisse Investment Banking
Morgan Stanley
UBS Investment Bank (Financial)
Wachtell, Lipton, Rosen & Katz
Goodmans (Legal)

Target

InterOil

Singapore, Singapore
InterOil Corporation is an independent oil and gas business with a sole focus on Papua New Guinea. InterOil’s assets include one of Asia’s largest undeveloped gas fields, Elk-Antelope, in the Gulf Province, and exploration licenses covering about 16,000 square kilometers. Its main offices are in Singapore and Port Moresby.

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Buyer(S) 1

Buyer

ExxonMobil

Spring, Texas, United States
Category Company
Founded 1870
Sector Oil/Gas Exploration
Employees61,000
Revenue 339.2B USD (2024)
DESCRIPTION
Entrance to Exxon Mobil's corporate campus in Irving, Texas.
Entrance to Exxon Mobil's corporate campus in Irving, Texas.

ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Spring, Texas.

DEAL STATS #
Overall 8 of 10
Sector: Oil/Gas Exploration M&A 7 of 9
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Singapore M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 Chalmette Refining

Chalmette, Louisiana, United States

Chalmette Refining, LLC is a joint venture between affiliates of Petróleos de Venezuela, S.A. (PDVSA) and ExxonMobil. Chalmette includes the Chalmette refinery and chemical production facilities near New Orleans, La. and the company’s interests in MOEM Pipeline, LLC and 80 percent interest in each of Collins Pipeline Company and T&M Terminal Company. ExxonMobil operates Chalmette Refining, LLC and Mobil Pipeline Company, an ExxonMobil affiliate, operates the logistics infrastructure.

Sell $322M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Exxon Mobil - Upstream Operations

Texas, United States

Exxon Mobil Corp. - Upstream Operations comprises more than 20 producing fields that are operated mostly by Equinor, including Grane, Snorre, Ormen Lange, Statfjord and Fram, with a combined production of approximately 150,000 barrels of oil equivalents per day (boepd) in 2019.

Sell $4.5B
Mergr

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