While a deal appeared imminent late Tuesday, risks, including the possibility of negotiations collapsing or a rival bid emerging, still persist, the report stated.
The U.S. oil and gas sector, which saw $250 billion in acquisitions in 2023, continues to consolidate despite increasing antitrust scrutiny.) $60 billion acquisition of Pioneer Natural Resources but prohibited Pioneer's former CEO from joining Exxon's board due to allegations of collusion with OPEC to raise oil prices.
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