Exxon is Close to Buying Pioneer, the Deal Could be Worth $60 Billion
The largest American oil and gas company Exxon Mobil is close to reaching an agreement to purchase shale producer Pioneer Natural Resources Co., the transaction amount could be about $60 billion, The Wall Street Journal writes, citing sources. According to them, the deal could be concluded in the coming days, …
The Biden Administration May Stop Exxon from Buying Pioneer
Blaming Exxon for high gasoline prices in the US, the administration of President Joe Biden will try to leave the deal to buy Pioneer, writes Reuters As a result of the merger of Pioneer and Exxon, the latter will become the largest producer of petroleum products in the region. Analysts …