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

📆 2023/10/06 03:28:00

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Exxon, which is valued at about $436 billion, last year earned a record $55.7 billion on sky high oil and gas prices and ended the year with $29.6 billion in cash and equivalents

📆 2023/10/06 03:28:00
📰 globeandmail

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 92%

Some of those record profits have tapered off this year as commodity prices, which surged after Russia’s invasion of Ukraine, have fallen over concerns about future demand at a time when high inflation has weighed on consumer spending.

On Wednesday, Exxon said big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below the year ago’s record earnings but up from its second quarter.Tickers mentioned in this story

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$Exxon Mobil in advanced talks for $60 billion acquisition of Pioneer\u002Dsources$ Exxon Mobil in advanced talks for $60 billion acquisition of Pioneer\u002DsourcesExplore stories from Atlantic Canada.
Read more »