[ Exxon doesn't] need an acquisition because they have exposure everywhere... It would be a huge departure from what Exxon has historically done and said. |
India has been so aggressive in bidding for other assets that this is the way to perhaps have the opportunity to make a co-bid rather than fight against them. |
It's very difficult to break in there but [the majors] can't stop trying because that's where the best growth demand for petroleum consumption has been. |
This is a tax story. What we don't know is how long the higher tax rate will be sustained going forward. |