Exxon Move on Pioneer Signals Big Oil’s Tightening Grip on Shale - BNN Bloomberg

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Exxon Mobil Corp.’s planned takeover of one of the vanguards of the shale revolution signals Big Oil’s tightening grip on the sector that vaulted the US to the top of global oil producers.

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Exxon Mobil in advanced talks for $60-billion acquisition of Pioneer, sources sayExxon, which is valued at about $436 billion, last year earned a record $55.7 billion on sky high oil and gas prices and ended the year with $29.6 billion in cash and equivalents
Source: globeandmail - 🏆 5. / 92 Read more »

Exxon Mobil in advanced talks for $60 billion acquisition of Pioneer\u002DsourcesExplore stories from Atlantic Canada.
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Pioneer Natural stock jumps on Exxon deal reportsShares of Pioneer Natural Resources (PXD) are jumping on a Wall Street Journal report that Exxon Mobil (XOM) is looking to buy the shale driller in a deal valued around $60 billion. The report states that the deal could be announced in the coming days, though cautions it could still not happen. Yahoo Finance Live takes a closer look at what the deal would mean for the energy sector. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Pioneer shares jump in premarket trading on merger talks with ExxonA deal would be Exxon’s biggest acquisition since its $81-billion deal for Mobil in 1998 and could solidify the oil major’s position in the lucrative Permian basin
Source: globeandmail - 🏆 5. / 92 Read more »

Pioneer shares jump on merger talks with ExxonExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

What Wall St has to say on potential Exxon\u002DPioneer dealExplore stories from Atlantic Canada.
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