ExxonMobil will acquire Pioneer Natural for $59.5B
ExxonMobil is buying Pioneer Natural Resources, resulting in a $59.5 billion all-stock transaction and boosting its fracking capabilities. It will be the largest acquisition for the fossil fuel colossus after Exxon bought Mobil two decades ago, according to The Associated Press. Pioneer Natural’s buyout allows for Exxon’s growth in the Permian Basin, a large oilfield...