Exxon Mobil's $59.5 Billion Deal to Acquire Pioneer Natural Resources Solidifies Shale Dominance
TL;DR
Exxon Mobil has announced its acquisition of Permian Shale giant Pioneer Natural Resources for $59.5 billion in an all-stock transaction. The deal will give Exxon a significant presence in the Permian Shale basin in New Mexico and Texas. The transaction is expected to close in the first half of 2024.
Topics:top-newsbusiness#acquisition#business#exxon-mobil#permian-shale#pioneer-natural-resources#stock-market
- Exxon Mobil Seals $59.5 Billion Deal To Buy Permian Shale Giant Pioneer Natural Resources Investor's Business Daily
- Exxon Nears $58 Billion Deal to Buy Pioneer in Big Oil Bet Yahoo Finance
- Mega Merger And Revenue Boost Exxon Wants To Rule The Shale Patch OilPrice.com
- ExxonMobil shows oil sector M&As are still a draw Upstream Online
- ExxonMobil agrees to buy shale group Pioneer in $59.5bn deal Financial Times
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