Exxon Buys Pioneer. Here's What Deal Could Come Next in the …

Oct 15, 2023  · Today's Change. (0.56%) $0.17. Current Price. $30.42. Price as of November 8, 2024, 4:00 p.m. ET. These companies could play staring roles in the coming M&A wave in the …


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Exxon Buys Pioneer. Here's What Deal Could Come Next In The …

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Oct 15, 2023  · Today's Change. (0.56%) $0.17. Current Price. $30.42. Price as of November 8, 2024, 4:00 p.m. ET. These companies could play staring roles in the coming M&A wave in the …

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ExxonMobil Announces Merger With Pioneer Natural Resources In …

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Oct 11, 2023  · The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, …

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Exxon Mobil Buying Pioneer Natural Resources For Nearly $60

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Oct 11, 2023  · Exxon Mobil will acquire Pioneer Natural Resources as part of an all-stock transaction valued at $59.5 billion, according to a joint statement Wednesday, the largest deal …

forbes.com

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$64 Billion Deal Sees Exxon Mobil Buy Pioneer Natural Resources

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Oct 17, 2023  · When the deal closes, Exxon will buy Pioneer in a deal valued at about $64.5 billion including the purchase price and net debt, read an Oct. 11 company announcement.

usatoday.com

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ExxonMobil Agrees To Buy Shale Group Pioneer In $59.5bn Deal

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Oct 11, 2023  · ExxonMobil has agreed to buy Pioneer Natural Resources in a $59.5bn deal that is set to unleash a wave of consolidation in the US shale oil industry. The biggest western oil …

ft.com

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Exxon Buys Pioneer In $60 Billion Deal To Create Shale Giant

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Oct 11, 2023 3:54am. By Collin Eaton and Benoit Morenne. Exxon Mobil struck a nearly $60 billion agreement Wednesday to buy Pioneer Natural Resources in the largest oil-and-gas deal …

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Exxon Secures Lead In Top US Oilfield With $60 Billion Buy Of Shale ...

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Oct 11, 2023  · Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that would make it the biggest producer in the largest U.S. oilfield …

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Exxon Mobil Strikes $60 Billion Deal For Shale Giant - The New …

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Oct 11, 2023  · The Pioneer deal would be Exxon’s largest acquisition since it bought Mobil in 1999. It is bigger than the company’s ill-fated $30 billion acquisition of XTO Energy, a major …

nytimes.com

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ExxonMobil Agrees To Buy Shale Rival Pioneer In $60 Billion Deal

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Oct 11, 2023  · New York CNN —. 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 …

cnn.com

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Exxon-Pioneer Deal Talks: What Wall St, Policymakers Have To Say

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Oct 6, 2023  · Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar …

reuters.com

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Exxon Mobil Doubles Down On Fossil Fuels With $59.5 Billion Deal …

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Oct 11, 2023  · 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 …

seattletimes.com

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Exxon Completes $60 Billion Pioneer Natural Resources Acquisition

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May 3, 2024  · Exxon XOM -0.28% Mobil has completed its $60 billion acquisition of rival Pioneer Natural Resources after reaching an agreement with antitrust regulators, closing out the …

wsj.com

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How Stars Aligned For Exxon's $60 Billion Deal With Pioneer

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Oct 12, 2023  · Exxon could boast it clinched the agreement by paying a relatively small 16% premium to Pioneer's unaffected share price, while Pioneer could allow its shareholders to …

reuters.com

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Exxon's Pioneer Deal Ushers In New Era Of Oil Mergers - Bloomberg

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Oct 11, 2023  · 6:21. This article is for subscribers only. Exxon Mobil Corp. ’s $59.5 billion acquisition of Pioneer Natural Resources Co., the biggest US energy deal in decades, is …

bloomberg.com

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Exxon Mobil Completes $60 Billion Deal For Pioneer Natural

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Follow. May 3 (Reuters) - Exxon Mobil (XOM.N) has closed its $60 billion purchase of Pioneer Natural Resources (PXD.N), the oil and gas producer said on Friday, a day after receiving a …

reuters.com

FAQs about Exxon Buys Pioneer. Here's What Deal Could Come Next in the … Coupon?

Will ExxonMobil buy Pioneer Natural Resources?

Neha Chamaria (Permian Resources): With ExxonMobil going all out in the Permian Basin by agreeing to acquire Pioneer Natural Resources in a historic deal, the Permian could see more deals and consolidation in the near future. ...

Will Exxon Mobil buy Pioneer gas?

Exxon Mobil is looking to expand its gas production in Texas with a massive $60 billion merger. Exxon will purchase Pioneer in a deal that values the company at $253 per share, netting Pioneer shareholders just over 2.32 shares of ExxonMobil for each Pioneer share at the deal’s closing, according to a joint statement. ...

Is Exxon acquiring Pioneer Natural Resources a bet?

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way. A Pioneer Natural Resources oil rig at the Permian Basin Petroleum Museum in Midland, Texas. Jacob Ford/Odessa American, via Associated Press ...

What will pioneer shareholders get under the ExxonMobil deal?

Under the deal Pioneer shareholders would receive 2.3234 shares of ExxonMobil for each Pioneer share, an 8% premium based on Tuesday’s closing price. Shares of Pioneer were up about 2% in premarket trading on the news, while shares of ExxonMobil were lower. But the deal could face regulatory hurdles. ...

Why did pioneer buy Exxon?

Among the fields Pioneer acquired in the Permian years ago were some from Exxon. By 2020, it had become one of the biggest American drillers, with relatively low-cost production. Mr. Sheffield praised the deal, saying the combined company would improve efficiency of managing the companies’ adjacent, contiguous oil and gas acreage. ...

Will ExxonMobil & pioneer fight if the deal is not approved?

However, there is an important takeaway given ExxonMobil's size. News flow about the deal could lead to swift price swings in the shares of both ExxonMobil and Pioneer. That includes the chance that ExxonMobil and Pioneer may fight if the deal isn't approved. ...

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