Home » News » ExxonMobil Acquires Pioneer Natural Resources for $60 Billion, Expanding Presence in Permian Basin

ExxonMobil Acquires Pioneer Natural Resources for $60 Billion, Expanding Presence in Permian Basin

The American oil group Exxonmobil will buy its compatriot Pioneer Natural Resources, a large producer of shale oil and gas in the United States, for around 60 billion dollars, they announced in a joint press release on Wednesday.

The Exxonmobil oil complex in Baytown, Texas. The American oil group will buy its compatriot Pioneer Natural Resources for around $60 billion. (archives)

ATS

The operation, which should be completed during the first half of 2024, will give Exxonmobil a new foothold in the Permian Basin, an immense oil-rich region which covers west Texas and southeast New Mexico.

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2023-10-11 13:52:00


#Exxonmobil #offers #billion #Pioneereer

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