Exxon Mobil (NYSE:XOM) announced its plan to acquire Pioneer Natural Resources (NYSE:PXD) for $59.5 billion, with a per-share price of $253. This acquisition sets Exxon as a preeminent entity in the largest U.S. oilfield, promising a decade of affordable production.

If successful, this would mark 2023’s most notable corporate deal and become Exxon’s largest acquisition since its 1998 purchase of Mobil Oil for $81 billion. Consequently, four of the major U.S. oil companies would predominantly control the Permian Basin shale field and its substantial oilfield infrastructure.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?