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ExxonMobil Is in No Hurry to Spend Its $32.7 Billion Cash War Chest

ExxonMobil Is in No Hurry to Spend Its $32.7 Billion Cash War Chest

ExxonMobil (NYSE: XOM) is swimming in cash these days. While the company is open to making a deal, -- and there have been plenty of rumors in recent months -- it was clear from management's comments on the first-quarter earnings call that Exxon plans to be patient. There has been a lot of speculation that ExxonMobil has set its sights on making a meaningful acquisition.