With chatter that BP or its assets may be on somebody’s shopping list, or that somebody may go fishing for Anadarko’s offshore assets, the obvious question: Which big oil company is most financially fit to do those kind of deals?
The answer, without question, based exclusively on its balance sheet: Exxon Mobil , whose balance sheet looks like a fortress:
As of a quarter ago, its net cash was $4.3 billion. That’s considerably below where it was in the same quarter in 2009 and 2008.
But keep in mind that last year the company paid out $26 billion in dividends and in stock repurchases.