What's behind Exxon's mega-merger and the stocks that could be next

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Here's how Exxon Mobil's deal for Pioneer changes the outlook for investors and the landscape of U.S. oil production.

Exxon Mobil announced Wednesday morning it struck a massive deal to buy Pioneer Natural Resources , strengthening its position as an oil producer at a time when energy is rising as a geopolitical concern but the sector's stocks have struggled to make up for years of underperformance. The all-stock deal, valued at roughly $60 billion , is expected to close in 2024 and would expand Exxon's production in a key area of the United States.

RBC Capital Markets analyst Biraj Borkhataria said in a note to clients Wednesday that Chevron could be one name to watch as a buyer. "We would expect some investors to question whether CVX may be propelled to make a sizeable acquisition following XOM, however we would note that the management track record is to be patient , while this deal effectively removes the main competition for CVX on large-scale M & A," the RBC note said.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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

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.
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