Pioneer Natural Resources Stock News

ExxonMobil Corp has confirmed the acquisition of Pioneer Natural Resources (NYSE:PXD) in a $59.5 billion deal that it said would transform its upstream business. The all-stock transaction values each

CNBC's Becky Quick reports on the latest news.

7:00am: Exxon seals $59.5 billion Pioneer deal US stock futures pushed higher on Wednesday ahead of wholesale price inflation figures and as the market digests confirmation of Exxon's swoop for Pionee

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

The acquisition of Pioneer Natural Resources, Exxon's largest since its merger with Mobil in 1999, increases the company's presence in the Permian basin in Texas and New Mexico.

Exxon Mobil Corp. confirmed Wednesday an agreement to buy Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, or $64.5 billion including debt.

Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal.

In an interview on Friday, Bill Smead, the chief investment officer of Smead Capital, spoke with CNBC's “The Exchange” about Exxon Mobil Corp.'s (XOM, Financial) potential $60 billion takeover of

ExxonMobil Corporation is in discussions to acquire Pioneer Natural Resources (NYSE:PXD), marking what could be the oil giant's largest acquisition since its formation in 1999, according to multiple r

The announcement that Exxon Mobil (XOM) plans to potentially acquire Pioneer Natural Resources (PXD) was a highlight of this week's trading session.

A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.

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Exxon Mobil's $60 billion bid for Pioneer Natural Resources would expand the top U.S. oil producer's footprint in the country's biggest oilfield, raising questions for shareholders over its transition

Here are some of the major companies whose stocks moved on the week's news.

Shares of Pioneer Natural Resources (PXD) jumped 10.5% on Friday, making it the best-performing stock in the S&P 500, following reports Exxon Mobil (XOM) is in advanced talks to purchase the shale dri