Exxon is in talks to acquire Pioneer Natural Resources in a deal that could be worth up to $60 billion, the Wall Street Journal has reported, citing unnamed sources. This would be the biggest deal for Exxon since the merger with Mobil back in the 1990s and would make the supermajor the dominant producer in the Permian. Pioneer, according to the report, has a market cap of about $50 billion. Exxon, for its part, has a market cap of $436 billion and a lot of cash to spend on industry consolidation after the record-breaking 2022. Reuters also cited…
Hence then, the article about exxon eyes a potential 60 billion acquisition of pioneer natural resources was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Exxon Eyes A Potential $60 Billion Acquisition Of Pioneer Natural Resources )