Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge
Headline from WTOP Washington DC
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, and creating a colossal fracking operator in West Texas.
WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, and creating a colossal fracking operator in West Texas.
ExxonMobil sealed a megadeal to acquire Pioneer Natural Resources for about $60 billion, bolstering its holdings in the Permian Basin, a key US petroleum
Shareholders of Pioneer Natural Resources will receive 2.3234 shares of ExxonMobil for each Pioneer share they own at closing, Exxon said in a statement.
ExxonMobil agreed to buy shale driller Pioneer in an all-stock deal worth $59.5 billion, allowing the company greater access to the coveted Permian Basin region.
ExxonMobil and Pioneer Natural Resources said Wednesday ExxonMobil will acquire Pioneer in an all-stock $59.5 billion transaction. Including net debt, the total deal will be approximately $64.5 billion.
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago,
ExxonMobil has agreed to buy Pioneer Natural Resources, a major shale oil producer in the deal that will more than double Exxon’s footprint in the Permian Basin in the Southwest United States.
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 is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
Oil and gas giant Exxon Mobil has acquired the major shale producer Pioneer Natural Resources in a merger valued at nearly $60 billion, the largest oil and gas deal in 20 years and one that will tie the company’s future to fossil fuels.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
