Exxon Mobil, the oil giant, has announced its agreement to acquire Pioneer Natural Resources in a landmark deal worth $60 billion. This acquisition marks Exxon's largest takeover in over two decades and is set to reshape the U.S. oil industry. The all-stock deal will create a colossal fracking operator in West Texas, making Exxon the biggest producer in the largest U.S. oilfield. The acquisition is expected to secure a decade of low-cost production for Exxon. The deal is the second largest in company history and the second largest energy deal in North American history. It is likely to usher in a new era of industry-shifting takeovers.
ExxonMobil's $XOM near-$60 billion acquisition of Pioneer Natural Resources $PXD highlights Big Oil's continued appetite for shale producers. The deal, announced earlier this week, will make the oil giant the largest player in US shale oil. https://t.co/Z59iZ6TZU3 https://t.co/5CLr2xjeWV
ExxonMobil's $60 billion Pioneer deal signals era of 'extreme consolidation' for oil industry https://t.co/v5YJUEqtYr by @ines_ferre
Drill, baby, drill? ExxonMobil is paying $60bn for Pioneer. Read how the deal could affect oil prices https://t.co/AjnMi0QOHh 👇
Why is ExxonMobil paying $60bn for Pioneer? We explain https://t.co/BDIsj1JLZJ 👇
WATCH: On @Breakingviews: Exxon Mobil's $60 billion acquisition of Pioneer could turn out better than its last big shale purchase, XTO Energy. Exxon has hard-won experience on its side. Waning oil demand, though, is a pitfall, @rob_cyran explains https://t.co/EjqO23FEAm
On @Breakingviews: Exxon Mobil's $60 billion acquisition of Pioneer could turn out better than its last big shale purchase, XTO Energy. Fracking experience gives boss Darren Woods an edge now. The timing may be equally bad, however, @rob_cyran says https://t.co/w2fExwLHUY
WATCH: On @Breakingviews: Exxon’s $60 billion deal for Pioneer has a lot to prove. The energy giant’s last mega deal in 2009 was a disaster. While this acquisition has a lot more going for it, the timing might still be off, @rob_cyran explains https://t.co/007X0TCO6w
On @Breakingviews: The $60 billion acquisition of Pioneer will be Exxon’s biggest since it bought XTO for $31 billion. It overpaid for expertise and acreage in 2009 near a peak in gas prices. Will its fracking experience give the energy giant an edge this time around? https://t.co/MgMQBcT9HX
WATCH: On @Breakingviews: The $60 billion acquisition of Pioneer will be Exxon’s biggest since it bought XTO for $31 billion. It overpaid for expertise and acreage in 2009 near a peak in gas prices. Will its fracking experience give the energy giant an edge this time around? https://t.co/CvK5cOgSLq
On @Breakingviews: Exxon’s $60 billion deal for Pioneer has a lot to prove. The energy giant’s last mega deal in 2009 was a disaster. While this acquisition has a lot more going for it, the timing might still be off, @rob_cyran explains https://t.co/cLyjVgivEv
It is one of the biggest oil mergers ever: on Wednesday ExxonMobil said it would buy Pioneer for $60bn. Read how it will transform America’s fragmented shale industry https://t.co/1AtG3Ohaav 👇
On @Breakingviews: Exxon Mobil's $60 billion acquisition of Pioneer could turn out better than its last big shale purchase, XTO Energy. Fracking experience gives boss Darren Woods an edge now. The timing may be equally bad, however, @rob_cyran says https://t.co/xcS3lMMakx
On @Breakingviews: Exxon Mobil's $60 billion acquisition of Pioneer could turn out better than its last big shale purchase, XTO Energy. Exxon has hard-won experience on its side. Waning oil demand, though, is a pitfall, @rob_cyran explains https://t.co/haG06XCHAk
What ExxonMobil’s Merger With Pioneer Means For U.S. Shale https://t.co/xOzngQk1Y3 https://t.co/pE4D62ivyP
Exxon Mobil-Pioneer Merger: A Once-in-a-Generation Energy Deal @davidmoadel https://t.co/7SS92nm1Cy $XOM $PXD
Truist upgrades Exxon Mobil, cites long-term benefits from Pioneer acquisition https://t.co/xagz7rRgaI
How stars aligned for Exxon's $60 billion deal with Pioneer https://t.co/nyRGYyAuxs https://t.co/zjU8m8wFQi
Exxon agrees to buy Pioneer Natural Resources for about $60 billion, the oil giant's largest takeover in more than two decades https://t.co/iDkR8T0X4o
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, securing a decade of low-cost production https://t.co/QpOuAoB3d9 https://t.co/IEzV4Ipz8y
Exxon shares recently hit an all-time high of $120 per share as it announced an all-stock deal to buy US rival Pioneer valued at $59.5 billion https://t.co/o8iFxJvabP https://t.co/hDFAjTskga
Exxon agrees to buy Pioneer Natural Resources for about $60 billion, the oil giant's largest takeover in more than two decades https://t.co/U5Qv5VmUbu
Exxon buying Pioneer will trigger $71 million in executive windfalls https://t.co/KT3xtESYd3 https://t.co/TkpYGIVGB1
Exxon made its biggest acquisition since 1998 as it sealed an all-stock deal valuing Pioneer at $253 a share https://t.co/o8iFxJuCmh https://t.co/gaXXOQkBUW
Exxon agreed to buy US rival Pioneer in a nearly $60 billion deal, making the supermajor a giant in the US shale oil industry https://t.co/QpOuAoAvnB https://t.co/kWIKB2I7jp
ExxonMobil will acquire Pioneer Natural for $59.5 billion https://t.co/PWrX1RYjNP https://t.co/gZaa2AfNiP
Why ExxonMobil is paying $60bn for Pioneer: Consolidation will transform America’s fragmented shale industry https://t.co/mGpSktdFjJ
Why ExxonMobil is paying $60bn for Pioneer https://t.co/jDbzc2wZt4 👇
Exxon Mobil announced it agreed to buy shale rival Pioneer Natural Resources on Wednesday. The CEOs of both companies joined @SquawkCNBC to discuss the $59.5 billion, all-stock deal. https://t.co/Ilma7KeSEH https://t.co/Mndnch7uPP
Exxon Mobil agreed to buy the shale giant Pioneer for $59.5 billion, doubling down on fossil fuels even amid concerns about climate change. https://t.co/YzicaMx3o3
Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion. Here's what the pros have to say https://t.co/NRcLZPW2io
➡️ M&A Deal Sheet ⬅️ Pioneer Natural Resources $PXD to be acquired by Exxon Mobil $XOM for 2.3234x shares, 17.8% premium, $64.5 billion, 6.2x EBITDA (2024E) Trading at a 9.1% arbitrage yield and an implied 87% odds of success Disclosure: Held in $ARB.to https://t.co/uNWEr7ADPj https://t.co/pN26keOjBV
Exxon's $64.5 billion deal for Pioneer doesn’t present a meaningful threat of concentration in the global market for oil, says @liamdenning https://t.co/l49lV2Z2cD via @opinion
Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge https://t.co/Y2PHpCTCvM
Exxon agreed to buy US rival Pioneer in a nearly $60 billion deal, making the supermajor a giant in the US shale oil industry https://t.co/o8iFxJvabP https://t.co/PtGIVuhmd9
Exxon made its biggest acquisition since 1998 as it sealed an all-stock deal valuing Pioneer at $253 a share https://t.co/QpOuAoAvnB https://t.co/tVt9Dp0Rwh
LISTEN NOW: Exxon Mobil has agreed to buy rival Pioneer Natural Resources, and CEOs from both companies join us to discuss the deal. Listen and follow the @SquawkCNBC podcast here: https://t.co/gZaa8fjg8c https://t.co/EzrRZpzPns
Exxon deal to buy Pioneer, increases company production in shale oil. Would have been interesting to hear discussion as activist investor/board members Engine 1 balance personal ESG preferences with fiduciary duty. #esg #corp https://t.co/kdnldWFkTQ
US Senator Warren concerned Exxon's plan to buy Pioneer will raise costs https://t.co/zwTVFgeH30 https://t.co/4Di0JdxiBj
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. https://t.co/cUEu3qphLc https://t.co/9FKeecS9IX
Exxon Mobil Buying Pioneer Natural Resources For Nearly $60 Billion—In Biggest Deal In Decades https://t.co/fhrgmu2rGi https://t.co/YQjDHA4C9v
'Exxon is making a huge bet on U.S. oil production, the demand for which it believes will linger for decades. Following the deal, some 45% of Exxon's barrels will now come from the U.S.' https://t.co/35HL86J8GH
Exxon to acquire shale rival Pioneer in nearly $60B deal https://t.co/NJsgRdJ5Sf https://t.co/Ahz1XPtPFZ
Reactions: Exxon pushes deeper into top US oilfield with $60 bln deal for Pioneer https://t.co/44z9HsMeXC https://t.co/UGnMCP9pND
Oil and gas giant ExxonMobil has announced its intentions to buy Pioneer Natural Resources. The deal is valued at $59.5 billion. https://t.co/OOrUyPOud5
Exxon Mobil agreed to buy the shale giant Pioneer for $59.5 billion, doubling down on fossil fuels even amid concerns about climate change. https://t.co/WeCTYXP7lW
Exxon’s huge acquisition of Pioneer, the biggest US energy deal in decades, appears likely to usher in a new era of industry-shifting takeovers https://t.co/C4GxUKo7PL
Exxon’s huge acquisition of Pioneer, the biggest US energy deal in decades, appears likely to usher in a new era of industry-shifting takeovers https://t.co/ZKl93KBosh
Exxon expects to trim annual costs by about $2 billion as it integrates the $60 billion purchase of Pioneer, CEO Darren Woods says https://t.co/7ZRra4Nm4p
Exxon expects to trim annual costs by about $2 billion as it integrates the $60 billion purchase of Pioneer, CEO Darren Woods says https://t.co/rEeBE25ugU
Exxon shares recently hit an all-time high of $120 per share as it announced an all-stock deal to buy US rival Pioneer valued at $59.5 billion https://t.co/QpOuAoAvnB https://t.co/qryX1QiY05
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, securing a decade of low-cost production https://t.co/o8iFxJvabP https://t.co/Nj1jL91uxe
Exxon has agreed to acquire Pioneer for $64.5 billion The deal is the second largest in company history, and the second largest energy deal in North American history 1. Exxon/Mobil - $80.3 billion (1998) 2. Exxon/Pioneer - $64.5 billion (2023) https://t.co/KJns6QnbhX
Exxon announced it's $60 billion deal to acquire a big fracking company. Looks like we're back to "drill, baby, drill." https://t.co/wnWMpUQfMk
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, creating a colossal fracking operator in West Texas. https://t.co/1uHj5AAD8P
“Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger” 🤔
🛢️ EXXON PUSHES DEEPER INTO TOP US OILFIELD WITH $60 BILLION DEAL FOR PIONEER Full Story → https://t.co/b1rZbiSaIs https://t.co/mUibgxa12x
Exxon to buy Pioneer for $59.5B, reshaping U.S. oil industry https://t.co/bxQ9dB43gb
Exxon agrees to buy Pioneer Natural Resources for about $60 billion, the oil giant's largest takeover in more than two decades https://t.co/idFHFoGDy7