Exxon Mobil shares are trading lower after the company announced that it will acquire Pioneer Natural Resources in an all-stock transaction valued at $59.5B, or $253 per PXD share.
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil has announced its plan to acquire Pioneer Natural Resources in an all-stock transaction valued at $59.5B, or $253 per PXD share. This news has led to a decrease in Exxon Mobil's share price.
October 11, 2023 | 12:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pioneer Natural Resources is being acquired by Exxon Mobil in an all-stock transaction valued at $253 per PXD share.
The acquisition by Exxon Mobil could potentially increase the value of Pioneer Natural Resources' shares, as the transaction is valued at $253 per PXD share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Exxon Mobil's share price is trading lower following the announcement of its acquisition of Pioneer Natural Resources.
The acquisition announcement has led to a decrease in Exxon Mobil's share price. This is likely due to the significant cost of the acquisition, which may impact the company's short-term financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100