ExxonMobil completes acquisition of Pioneer Natural Resources to transform its upstream portfolio
Acquiring Company
ExxonMobil
Acquired Company
Pioneer Natural Resources
SpringIrvingEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
The acquisition of Pioneer Natural Resources by ExxonMobil has significantly expanded ExxonMobil's Permian footprint, combining Pioneer’s sizeable acreage, entrepreneurial culture, and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies, and industry-leading project development capabilities. This merger is expected to create an Unconventional business with the largest, high-return development potential in the Permian Basin, benefiting ExxonMobil's Permian production volume, environmental impact, and net-zero emissions goals.
Quick answer
ExxonMobil is acquiring Pioneer Natural Resources, announced May 3, 2024. ExxonMobil is based in Spring, Texas, United States.
- How much did ExxonMobil pay for Pioneer Natural Resources?
- The deal value was not disclosed.
- 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. 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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