Permian Basin newsroom

• By integrating ExxonMobil's advanced technologies with Pioneer's Basin knowledge, we closed the transaction in record time with a 'best of both' mindset, achieving success through the hard work of our people.
• Our people are the best in the business and when you combine their talent and abilities with the technology we're deploying, that's how you safely drive improved efficiency, maximize recoveries, and provide more of the domestically produced energy that we all need every day.
• As one organization, we both share a deep commitment to being a responsible neighbor, driving local economic growth, and improving the quality of life in the communities where we work and live.

• We’ve drilled and completed 1,000 horizontal wells in the New Mexico Delaware Basin since 2017.
• We’ve enhanced efficiency and resource recovery in the Permian through technology.
• The Pioneer merger expanded our contiguous acreage in the Permian, boosting technology deployment opportunities.

We hosted our Corporate Plan Update and Upstream Spotlight event on December 11, 2024. Explore the event highlights, presentation material and videos.

SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD).

Key takeaways:

• We’re piloting the use of EVs in our fleet.
• Driving EV pickups in the Permian.
• EVs already in use at our U.S. manufacturing sites.