Exxon in advanced talks for $60 billion acquisition of Pioneer - sources

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant/File Photoin a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday.

If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, the three sources said, asking not to be identified because the matter is confidential. Last year it earned a record $55.7 billion thanks to high oil and gas prices and ended the year with $29.6 billion in cash.

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Exxon Mobil in advanced talks for $60 billion acquisition of Pioneer-sourcesExxon Mobil in advanced talks for $60 billion acquisition of Pioneer-sources
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Pioneer Natural, Exxon, Tesla, Rivian, Levi Strauss, and More Stock Market MoversA report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its...
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