
Oil Companies Are Too Encumbered by Debt to Acquire: Tillerson
Very few attractive targets for takeover due to debt; doing deals has gotten harder, not easier The amount of debt oil and gas companies took on to fuel growth during the shale revolution has made them too encumbered to be attractive targets for acquisition ExxonMobil (ticker: XOM, ExxonMobil.com) CEO Rex Tillerson said. “It’s like buying a home with a big
