Trending: Exxon Mobil Looking to Buy Pioneer Natural Resources
October 06 2023 - 10:28AM
Dow Jones News
9:58 a.m. ET -- Exxon Mobil is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Exxon Mobil is closing in on a deal to
buy Pioneer Natural Resources for roughly $60 billion. A deal could
be sealed as soon as in the coming days, though it is still
possible there won't be one, people familiar with the matter said.
After posting a record profit in 2022, Exxon has been flush with
cash and exploring options that would push it deeper into West
Texas shale. Dow Jones & Co. owns Factiva.
(chris.wack@wsj.com)
(END) Dow Jones Newswires
October 06, 2023 10:13 ET (14:13 GMT)
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