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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
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
Exxon Mobil's investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling that could take years to pay off.
While the energy sector is up again this year after a blowout 2022, oil prices fell further on Friday on the back of macroeconomic-related demand fears as well as the Russian government lifting part o

Three-Stock Lunch: Disney, Tesla and Exxon

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Eva Ados, ERShares CIO, joins 'Power Lunch' to discuss three stocks: Disney, Tesla and Exxon.
Bill Smead, chief investment officer at Smead Capital Management, joins 'The Exchange' to discuss Exxon's potential bid to buy Pioneer Natural Resources, environmentalist resistance to Exxon's expansi
Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources in a mega deal, the largest for Exxon since acquiring Mobil in 1999. If true, investors should prefer a cash deal over Exxon Mobi
Exxon Mobil Corp. XOM, -1.15% is reportedly nearing a deal to buy energy-exploration company Pioneer Natural Resources Co. PXD, +10.88% for $60 billion, a combination that could shake up Texas' storie
While still above the low for the year, crude oil prices continue to swing wildly. A little more than a week ago, crude prices were nearly $95 a barrel.
Pioneer Natural Resources is in play, with the Wall Street Journal reporting that Exxon Mobil is close to making a bid to buy out its smaller competitor. So that raises the question: which other oil c
The acquisition would be Exxon's biggest since its $81B deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the US oil patch.
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