Exxon Mobil Corp. XOM 2.94% is in talks with Qatar over a partnership that could see the Middle Eastern nation owning U.S. gas, people familiar with the matter said. The potential deal could lead to the state energy giant Qatar Petroleum investing in Exxon’s vast U.S. gas resources, extending from West Texas to North Dakota, according to the people, as both seek to deepen an already lucrative relationship each needs to face off current challenges. It could take the shape of a joint venture in which Qatar partners or invests in future wells with Exxon subsidiary XTO Energy, these people said. Qatar wants to broaden its investments outside the Middle East and curry favor with Washington amid an economic blockade from Saudi Arabia and its Gulf allies. Qatar’s leader is due to meet U.S. President Donald Trump on Tuesday. Exxon’s operations in Qatar are hugely profitable and it also […]