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.
Exxon Mobil reportedly is on the cusp of paying more than $58 billion or $250 a share for Pioneer Natural Resources, a Permian Shale giant.
Exxon has reportedly circled back on its interest in Pioneer Natural Resources. A deal could spur more moves in the oil patch.
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

War & Wall St.: 3 Things you Need to Know

01:32pm, Monday, 09'th Oct 2023
The recent large-scale attack by a Palestinian militant group on Israel is causing market volatility. Amidst the emotional impact of such events, investors are reminded to separate their emotions from
Investors interested in Oil and Gas - Integrated - International stocks are likely familiar with Exxon Mobil (XOM) and Fuchs Petrolub SE Unsponsored ADR (FUPBY). But which of these two stocks is more
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
As tensions escalate between Israel and the Hamas group, it has been revealed US congressional leaders have been making some strategic investment moves into military-related stocks.

Why Are Oil Stocks Up Today?

09:24am, Monday, 09'th Oct 2023
Crude oil and oil stocks rose early Monday following Hamas' attack on Israel and the growing threat of a wider war. WTI crude oil, the U.S. standard grade, was up 3.82% and Brent, the global standard,
After a miserable 2022, the stock market recovered in 2023 and surprised many investors. Artificial intelligence stocks grabbed the spotlight as investors dreamed of the possibilities.
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
Exxon and TotalEneriges stand out for their peer-leading ROICs. They're earning higher investment returns than rivals.
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