Companies
Energy giant Exxon Mobil in talks to acquire Texas-based Pioneer Natural Resources
Sources said the agreement could be worth as much as $60 billion and may be completed in the coming days
Exxon Mobil is in talks to acquire Pioneer Natural Resources, which has a market capitalisation of $50 billion and is the biggest crude producer in Texas, according to a person familiar with the matter.
This would be Exxon’s largest takeover in more than two decades, as the energy giant seeks to become the dominant US producer of shale oil.
An agreement could be worth as much as $60 billion and may be completed in the ...
