Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer
Posted on AllSides October 6th, 2023
From The Center
Exxon Mobil is closing in on a deal to buy Pioneer Natural Resources, a blockbuster takeover that could be worth roughly $60 billion and reshape the U.S. oil industry.
A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said.
After posting a record profit in 2022, Exxon has been flush with cash and exploring options that would push it deeper into West Texas shale.
Some content from this outlet may be limited or behind a paywall.