Exxon Mobil s $60
billion bid for Pioneer Natural Resources would expand
the top U.S. oil producer s footprint in the country s biggest
oilfield, raising questions for shareholders over its.
Analysis-Exxon Mobil s megadeal to test climate-aware shareholders streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Svea Herbst-Bayliss, Tommy Wilkes and Simon Jessop BOSTON (Reuters) - Exxon Mobil's $60 billion bid for Pioneer Natural Resources would expand the .
Exxon Mobil's $60 billion bid for Pioneer Natural Resources would expand the top U.S. oil producer's footprint in the country's biggest oilfield, raising questions for shareholders over its transition to low-carbon energy. Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition of the largest oil producer in Permian basin. The deal puts focus on the Permian and signals Exxon, valued at $436 billion, is sticking to is fundamental business and is pursuing a strategy of consolidation which makes climate sense to some investors, bankers and industry analysts said.