ExxonMobil to acquire Pioneer Natural Resources for $59.5bn: Impact on US energy landscape
Exxon Mobil Corporation (ExxonMobil) and Pioneer Natural Resources have signed an all-stock transaction worth $59.5 billion, with each of the latter’s shares exchanging for 2.3234 of the former’s shares. This transaction implies an enterprise value of $64.5 billion, inclusive of net debt. Combining Forces in the Permian Basin The merger integrates Pioneer Natural Resources’ 850,000 […]