Exxon Mobil to Buy Pioneer in Biggest Oil Merger in Years

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Exxon will pay $59.5 billion, all in stock. It’s Exxon’s biggest acquisition since its merger with Mobil in 1999.

Exxon Mobil confirmed a deal to buy Pioneer Natural Resources, the biggest oil merger in years that cements it as the dominant producer in the Permian Basin region of the U.S.

“Pioneer is a clear leader in the Permian with a unique asset base and people with deep industry knowledge,” said Exxon Mobil CEO Darren Woods. “The combined capabilities of our two companies will provide long-term value creation well in excess of what either company is capable of doing on a stand-alone basis.”

The deal comes after crude prices started to pick up again. Crude has mostly fallen this year after a strong climb in 2022 that led to record profits at Exxon and other Big Oil firms. The attack on Israel this week pushed prices higher on concerns that the conflict could disrupt global supply, illustrating the benefits of having more exploration acreage at home.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock mergerThis is breaking news. Please check back for updates.
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »

Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock mergerExxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal.
La source: NBCDFW - 🏆 288. / 63 Lire la suite »

Exxon to buy Pioneer for $59.5B, reshaping U.S. oil industryIt could also produce an antitrust face-off with a White House that's already at odds with Big Oil.
La source: axios - 🏆 302. / 63 Lire la suite »

Stocks making the biggest moves premarket: Plug Power, Exxon Mobil, Pioneer, Novo Nordisk and moreThese are the stocks posting the largest moves in premarket trading.
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »