124 Results
ExxonMobil completes acquisition of Pioneer Natural Resources
SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD).
News releases
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3 min read
• May 3, 2024
ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction
SPRING and IRVING, Texas – Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. The implied total enterprise value of the transaction, including net debt, is approximately $64.5 billion.
News releases
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Oct. 11, 2023
Conserving water resources
Water is a finite resource – essential for the world’s ecosystems, human development, and life itself. As populations grow, so will demand for water.
Report
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4 min read
• May 5, 2026
Natural gas
The abundance and versatility of natural gas make it a valuable energy source to meet a variety of needs while also helping the world shift to less carbon-intensive sources of energy.
Operations
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