I call it The Year of Cash

For Big Oil, a Day of Reckoning - BusinessWeek:
"But credit isn’t going to be an issue for Exxon and most of the other Big Oil companies — Exxon for example has more than $36 billion in cash on hand. Rather, for the half-dozen mega-majors, the issue is going to be justifying their share price to Wall Street when a chief component of their asset base has dropped considerably."

The question is: will this free up some non-core assets? It seems if you pay an aggressive price deck in this environment ($60ish)?