ExxonMobil’s $59.5 billion Permian deal
11 October 2023
Company will acquire Pioneer Natural Resources
ExxonMobil will acquire Pioneer Natural Resources in a $59.5 billion deal that will more than double ExxonMobil’s holdings in the Permian Basin.
The merger combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating the industry’s…
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