Chevron Corp said on Monday
it will buy smaller rival Hess Corp in a $53 billion
all-stock deal, putting the company head to head with rival
Exxon in two of the world s fastest growing oil basins.
U.S. energy major Exxon Mobil
said it would acquire Pioneer Natural Resources in a deal valued
at $59.5 billion to more than double the company s presence in
the Permian Basin, the largest shale play.
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U.S. energy major Exxon Mobil
is in advanced talks to buy shale producer Pioneer Natural
Resources in a $60 billion deal, sources familiar with
the matter said. It would be Exxon s.