Exxon joins Chevron in pursuing parts of Lukoil global empire, sources say

Core Insights - U.S. oil major Exxon Mobil is considering options to acquire parts of sanctioned Russian oil major Lukoil's international assets, joining rival Chevron Corp in this evaluation [1] Company Actions - Exxon Mobil is exploring potential acquisitions of Lukoil's international assets, indicating a strategic move in response to market opportunities created by sanctions [1] - Chevron Corp is also involved in similar considerations, highlighting a competitive landscape among major oil companies regarding Russian assets [1] Industry Context - The interest from Exxon Mobil and Chevron in Lukoil's assets reflects ongoing shifts in the oil industry, particularly in relation to geopolitical factors and sanctions affecting Russian oil companies [1]