Exxon Mobil closes $60B acquisition of Pioneer Natural Resources, solidifying its position as top producer in the Permian Basin
Acquiring Company
ExxonMobil
Acquired Company
Pioneer Natural Resources
SpringIrvingEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
Exxon Mobil Corp. has successfully completed its $60 billion acquisition of Pioneer Natural Resources, marking a significant milestone in reshaping the Permian Basin. The acquisition further cements Exxon Mobil's position as the top oil and gas producer in the region, doubling its production to 1.3 MMboe/d and providing a massive boost in the Midland Basin.
Quick answer
ExxonMobil is acquiring Pioneer Natural Resources for $60 billion, announced May 3, 2024. ExxonMobil is based in Spring, Texas, United States.
- How much did ExxonMobil pay for Pioneer Natural Resources?
- The reported deal value is $60 billion.
- What does ExxonMobil do?
- ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
- Where are ExxonMobil and Pioneer Natural Resources based?
- ExxonMobil is based in Spring, Texas, United States. Pioneer Natural Resources is based in Irving, Texas, United States.
- Who are the decision-makers at ExxonMobil?
- Fundz holds 3 contacts at ExxonMobil. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Pioneer Natural Resources?
Pioneer Natural Resources was acquired by ExxonMobil, based in Spring. The deal was reported on May 3, 2024. ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. ExxonMobil is privately held and operates in Energy.
When did ExxonMobil acquire Pioneer Natural Resources?
ExxonMobil's acquisition of Pioneer Natural Resources was reported on May 3, 2024. Exxon Mobil Corp. has successfully completed its $60 billion acquisition of Pioneer Natural Resources, marking a significant milestone in reshaping the Permian Basin. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pioneer Natural Resources do?
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit www.pxd.com. It is privately held, operating in Energy, and is based in Irving.
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