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ExxonMobil's CEO, Darren Woods, stands firm in his belief in oil as the company acquires shale giant Pioneer in a $60 billion deal. The acquisition has attracted attention from various media outlets, including The Economist and CNBC. The deal is seen as a significant move in the oil industry, indicating an era of extreme consolidation. The acquisition's potential impact on oil prices and the resurgence of US oil are also discussed.
ExxonMobil's $60 billion Pioneer deal signals era of 'extreme consolidation' for oil industry https://t.co/v5YJUEqtYr by @ines_ferre
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Exxon CEO Darren Woods didn’t waver in his full-throated belief in oil. Now his doubters back his $60 billion deal for shale giant Pioneer. https://t.co/KKovTBkpq2
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