XOM · News · 20260920N

Acquisition / Partnership / Divestiture

ExxonMobil Holdings Corp · 2026-09-20 · Importance 40 · Surprise 42

ExxonMobil entered a 20-year agreement with Targa Resources covering Permian Basin wet-gas growth. TD Cowen identified the agreement as a key driver of Targa’s outlook alongside record second-quarter adjusted EBITDA of $1.60 billion. The report did not disclose the agreement’s transaction value, ExxonMobil’s expected investment, or its direct revenue impact.