Exxon first announced the deal for Pioneer in October, in an all-stock transaction valued at $59.5 billion. Exxon said the acquisition would more than double its production in the Permian Basin.

ExxonMobil brushed off its activist critics and made the most of the oil price recovery to press ahead with expanding its domestic US presence through the all-share acquisition of Pioneer Resources.

Exxon Mobil's stock remains steady year-over-year. Learn why the recent price rise may not last and explore its long-term ...

An Exxon-Pioneer deal is “buying existing production ... That’s explicitly one of the motivations behind the Pioneer deal. The acquisition will mean that “short-cycle barrels” are more ...

The company is still pumping out vast quantities of fossil fuels, but global economic uncertainty could spell trouble for its business.

ExxonMobil also plans to spend $20 billion annually through 2026 on share repurchases to undo the share dilution caused by last year's $59.5 billion all-stock acquisition of Pioneer Natural Resources.

By 2030, Exxon expects to add an incremental $20 billion in earnings and $30 billion in cash flow. That's a nearly 60% ...

Exxon Mobil Corporation’s XOM acquisition of Pioneer Natural Resources was given the final approval by the U.S. regulatory body, the Federal Trade Commission (“FTC”), on Jan. 17, 2025. In the same ...

The company’s acquisition last year of Pioneer Natural Resources cemented ExxonMobil’s dominant position in the Permian shale basin of the US, and it continues to ramp up offshore Guyana ...

such as the acquisition of Pioneer Natural Resources (completed in May 2024). This merger is anticipated to further bolster ExxonMobil's reserves and production capabilities. In terms of financial ...

ExxonMobil (NYSE: XOM ... grow even faster if commodity prices increase or it makes another needle-moving acquisition.