ExxonMobil Merges With Pioneer Natural Resources in a $59.5 Billion Deal
October 12, 2023
ExxonMobil and Pioneer Natural Resources announced a merger valued at $59.5 billion. The combination brings together Pioneer’s contiguous Midland Basin acreage with ExxonMobil’s Delaware and Midland Basin portfolio to strengthen U.S. unconventional scale and increase Permian production potential.
- Buyers
- ExxonMobil
- Targets
- Pioneer Natural Resources
- Industry
- Oil & Gas
- Location
- United States
- Transaction Type
- Buyout
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