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Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in ...
Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil.
ExxonMobil (NYSE: XOM) closed its roughly $60 billion megadeal for Pioneer Natural Resources in May. The transformational transaction will double its footprint in the resource-rich Permian Basin.
Pioneer shares had soared last week amid speculation that ExxonMobil would buy Pioneer at a value of up to $60 billion. On Wednesday ExxonMobil sank 4% to hover above $105 per share after the ...
Exxon Mobil's $60 billion deal to buy Pioneer Natural Resources on Thursday received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new ...
On Monday, Chevron announced plans to acquire oil and gas company Hess for $53 billion in stock.. Less than two weeks prior, Exxon Mobil announced it is acquiring oil company Pioneer Natural ...
Exxon Mobil has agreed to pay $59.5 billion for rival Pioneer Natural Resources in a deal that will secure the energy giant’s status as the fracking leader in the all-important Permian Basin—a ...
Pioneer, which had a market value as of Thursday of $50 billion, is the third-largest producer of oil in the P Exxon in advanced talks for $60 billion acquisition of Pioneer-sources Skip to main ...