(Bloomberg) — Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades as the energy giant seeks to become the dominate US producer of shale oil.
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An agreement could be worth as much as $60 billion and may be completed in the coming days provided there are no complications, according to the Wall Street Journal, which first reported the talks on Thursday.
At that size, the deal would potentially be the world’s largest this year, surpassing pharmaceutical giant Pfizer Inc.’s $43 billion acquisition of cancer-drug maker Seagen Inc. announced in March. It would also be Exxon’s biggest acquisition since merging with Mobil Corp. in 1999, and would make the energy giant the top producer in the most prolific US oil basin.
Pioneer shares closed at $214.96 each on Thursday, valuing the company at $50.1 billion.
Though advanced, the transaction could…
2023-10-05 22:05:33
Original from finance.yahoo.com
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