ExxonMobil has acquired Pioneer Natural Resources for $59.5 billion in all-stock transactions, which will boost its fracking capability. According to The Associated Press, it will be the biggest acquisition for the fossil-fuel colossus since Exxon acquired Mobil 20 years ago. Pioneer Natural’s purchase allows Exxon to expand in the Permian basin, a large oilfield…
Pioneer Natural Resources’ fracking capabilities will increase as a result of ExxonMobil’s acquisition of the company, which will cost$ 59.5 billion overall. The Associated Press reports that after Exxon purchased Mobil two decades back, it will be the largest acquisition for the fossil fuel colossus. Exxon can expand in the Permian Basin, a sizable oilfield, thanks to Pioneer Natural’s buyout. Pioneer Natural Resources is being acquired by ExxonMobil, resulting in a$ 56. 5 billion all-stock transaction and enhancing its fracking capabilities. The Associated Press reports that after Exxon purchased Mobil two decades back, it will be the largest acquisition for the fossil fuel colossus. Exxon can expand in the Permian Basin, a sizable oilfield, thanks to Pioneer Natural’s buyout.
ExxonMobil has acquired Pioneer Natural Resources for $59.5 billion in all-stock transactions, which will boost its fracking capability. According to The Associated Press, it will be the biggest acquisition for the fossil-fuel colossus since Exxon acquired Mobil 20 years ago. Pioneer Natural’s purchase allows Exxon to expand in the Permian basin, a large oilfield…
