ExxonMobil's Mega Merger Plans Signal Shale Consolidation and Climate Challenges
TL;DR
ExxonMobil's discussions with Pioneer Natural Resources signal a "new era" of consolidation in the shale industry, as companies seek to weather the downturn caused by the COVID-19 pandemic and low oil prices. The talks between the two energy giants could potentially lead to a merger or acquisition, as both companies face challenges in the current market.
- ExxonMobil's talks with Pioneer herald 'new era' of shale consolidation Financial Times
- Exxon CEO’s Quest for Mega Deal Is a Bet on Oil’s Staying Power Yahoo Finance
- Exxon's Blockbuster Pioneer Merger Needs Biden's Blessing First Bloomberg
- Exxon Mobil's megadeal to test climate-aware shareholders ZAWYA
- Is Devon Energy The Next Target Of An Energy Mega-Merger? (NYSE:DVN) Seeking Alpha
Want the full story? Read the original reporting
Read on Financial Times