OPERATIONS

ExxonMobil gets Pioneer mega-merger over the line

ExxonMobile acquires US shale giant Pioneer Natural Resources for US$64.5 billion

ExxonMobil is strengthening its position in the Permian Basin located in the US.

The Permian Basin in the US. Image provided by Shutterstock.

ExxonMobil has received approval from the US Federal Trade Commission (FTC) to acquire Pioneer Natural Resources. This $64.5 billion acquisition will strengthen Exxon's position in the American oil industry....

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