ExxonMobil 'better positioned' for YukosSibneft takeover

10/13/2003
As rumors continue to circulate concerning a possible takeover of Russia's YukosSibneft, analysts say ExxonMobil Corp. is better positioned than ChevronTexaco Corp. to consummate such a massive financial transaction.The rumors center around the possibility that either ExxonMobil or ChevronTexaco might be looking to take a majority stake in YukosSibneft. The Russian energy company is estimated to be valued at more than $50 billion, while ExxonMobil is valued at more than $250 billion.But Russia is worried about YukosSibneft, considered the crown jewel of the Russian energy industry, with oil and natural gas production of 2.35 million boe/d, making it the world's fourth largest priv...
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