Exxon Mobil agrees to buy Pioneer Natural Resources for ...

Oct 11, 2023 · Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. As part of the agreement, …

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Exxon Mobil Agrees To Buy Pioneer Natural Resources For ...

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Oct 11, 2023 · Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. As part of the agreement, …

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Exxon To Buy Pioneer For $60B - Rigzone

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Oct 11, 2023 · Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion, the supermajor’s largest takeover in more than two decades, as it seeks to become the …

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ExxonMobil Buys Shale Giant Pioneer Natural Resources In ...

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ExxonMobil on Oct. 11 announced a definitive agreement to buy US shale pioneer Pioneer Natural Resources in an all-share deal worth $59.5 billion that it said would more than double …

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Exxon Mobil Agrees To Buy Shale Rival Pioneer For Nearly US$60B

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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 US$59.5 billion that would make it the biggest producer in the largest U.S. oilfield.

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Exxon Mobil To Buy Pioneer Natural Resources In $59.5

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Oct 11, 2023 · The companies said that based on the Oct. 5 closing prices of $108.99 for Exxon's stock and $214.96 for Pioneer's stock, the deal values Pioneer shares at $253.23 each, or a 17.8% premium.

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Exxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock - RTÉ

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

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Exxon Mobil To Buy Shale Rival Pioneer For Nearly US$60-billion In …

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

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Exxon To Buy Pioneer For $60 Billion To Dominate Shale Oil

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Oct 11, 2023 · Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion, the supermajor’s largest takeover in more than two decades, as it seeks to become the …

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Morris County Energy Company Buys ExxonMobil Oil Refinery For …

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Jun 22, 2015 · Business & Tech Morris County Energy Company Buys ExxonMobil Oil Refinery for $322M Acquisition will expand company's oil refining by 35-percent.

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

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Oct 11, 2023 · Exxon Mobil Corp.’s $59.5 billion acquisition of Pioneer Natural Resources Co., the biggest US energy deal in decades, is poised to usher in a new era of industry-shifting takeovers.

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FAQs about Exxon Mobil agrees to buy Pioneer Natural Resources for ... Coupon?

Did Exxon Mobil buy Pioneer Natural Resources?

Exxon Mobil agreed to buy Permian Shale giant, Pioneer Natural Resources for $59.5 billion, or $253 a share, in an all-stock deal. ...

Will Exxon pay $60 billion to buy Pioneer?

Exxon is offering to pay almost $60 billion US to buy Pioneer in a deal that would be the oil giant's biggest purchase since Mobil. ( David Paul Morris/Bloomberg) ...

Will Exxon buy shale oil?

"The oil shales are running out of Tier 1 inventory," said Bryan Sheffield, founder of energy investors Formentera Partners and Scott Sheffield's son. "Something has to change strategy-wise," he added. The acquisition will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998. But it is not Exxon's first move into shale. ...

Will Exxon & pioneer complete the Permian Basin shale deal?

The deal, which is expected to close in early 2024, will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive infrastructure. Still, antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. ...

How many Exxon shares will pioneer stockholders get?

As part of the agreement, Pioneer stockholders will receive 2.3234 shares of Exxon for every Pioneer share they own. The deal is expected to close in the first half of 2024, the companies said in a release. Exxon said its production volume in the Permian Basin would more than double to 1.3 million barrels per day once the transaction closes. ...

How did pioneer & Exxon share prices perform in premarket trading?

Pioneer shares were up 2 per cent at $241.79 in premarket trading. Exxon shares fell 2.5 per cent. The deal, which is expected to close in early 2024, will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive infrastructure. ...