Exxon Mobil (XOM) Deal With Pioneer Natural Resources (PXD)

Exxon Mobil (XOM) recently announced an all-stock $60B deal with Pioneer Natural Resources (PXD). PXD shareholders will receive 2.3234 shares of XOM for every Pioneer Natural Resources share they own. George Tsilis says that the agreement will bring synergies to both companies. XOM is trading near all-time highs. How does the crude oil price correlate to Exxon Mobil?

Fast Market

13 Oct 2023

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