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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 ...
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 ...
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 Natural Resources was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc., owned by Thomas Boone Pickens. [2] In May 2016, CEO and chairman Scott D. Sheffield was succeeded by Timothy Dove. Sheffield returned to the roles in 2019 after Dove's retirement. [3] [4] In January 2024, Richard P. Dealy was named ...
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 ...
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 ...
XTO Energy was founded in 1986, and was initially called Cross Timbers Oil Company. [11] The company was started by Bob R. Simpson, Steve Palko and Jon Brumley with US$35 million raised by former Goldman Sachs co-chairman Robert Rubin. [7] Initially, the company purchased and developed long-lived oil and gas production properties. [12]