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Exxon makes $60B bet on shale oil with deal to buy Permian giant Pioneer

Exxon makes $60B bet on shale oil with deal to buy Permian giant Pioneer
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Exxon Mobil agrees to buy shale rival Pioneer for nearly US$60B

Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at US$59.5 billion that would make it the biggest producer in the largest U.S. oilfield.

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