Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal
Publishing timestamp: 2024-05-01 17:24:56
Summary
Regulators and Exxon have reached an agreement that will allow Exxon's acquisition of Pioneer Natural Resources to move forward, with the condition that Pioneer's former CEO Scott Sheffield will not join Exxon's board. The deal is valued at $59.5 billion and will more than double Exxon's production in the Permian Basin.
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Keywords: markets, pioneer natural resources co, oil and gas, business news, energy, exxon mobil corp, breaking news: markets,