Exxon Mobil shares are trading lower following a report suggesting the company is nearing a $60 billion deal to buy Pioneer Natural Resources.
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources in a deal worth $60 billion. This news has led to a decrease in Exxon Mobil's share price.
October 06, 2023 | 12:34 pm
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Exxon Mobil's shares are trading lower following reports of a potential acquisition of Pioneer Natural Resources for $60 billion.
The potential acquisition of Pioneer Natural Resources by Exxon Mobil is a significant financial commitment. Investors may be concerned about the financial implications of this deal, leading to a decrease in Exxon Mobil's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100