ExxonMobil to acquire Pioneer Natural Resources

In its biggest deal in a decade, ExxonMobil is set to purchase Pioneer Natural Resources for $60 billion (€56.7 billion).

Exxon will acquire more than 850,000 acres in the Permian Basin in West Texas, USA, more than doubling the company’s output in a region that accounted for 18% of all US natural gas production in 2022, according to the Energy Information Administration.

Read more here.