Exxon Mobil (XOM) Announces Merger With Pioneer (PXD): Energy Sector Lags

Exxon Mobil (XOM) announces a merger with Pioneer (PXD) in an all-stock transaction. The deal is valued at $59.5B. PXD shareholders will receive 2.3234 shares of XOM for every PXD share they own. Stewart Glickman discusses what the XOM/PXD deal means for the energy sector. He talks about how the energy sector is lagging after the XOM/PXD deal and crude oil prices drop. Tune in to find out more about the stock market today.

Trading 360

11 Oct 2023

SHARE

Schwab Network's Newsletters

Daily insights for every investor