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Exxon Mobil's $59B Pioneer Natural deal intensifies fossil fuel focus

Por: WPTV Nation October 12, 2023

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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.Including debt, Exxon is committing about $64.5 billion to the acquisition, leaving no doubt of the Texas energy company's commitment to fossil fuels as energy prices surge.Pioneer shareholders will receive 2.32 shares of Exxon for each... + full article



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