If You Invested $1,000 In Exxon Mobil Stock When The Merger Closed In 1999, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Exxon Mobil Corporation (XOM) has announced plans to acquire Pioneer Natural Resources (PXD) for $64.5 billion, marking one of its largest acquisitions in company history. This is the biggest deal by Exxon Mobil since the merger of Exxon and Mobil in 1999. An investment of $1,000 in Exxon Mobil stock when the merger closed in 1999 would be worth $2,635.66 today, marking a hypothetical return of 163.6% over the last 24 years. When factoring in dividends, the return would be 458.8%.
October 11, 2023 | 7:24 pm
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POSITIVE IMPACT
Pioneer Natural Resources is being acquired by Exxon Mobil. This could potentially impact the company's stock price and market position.
The acquisition by Exxon Mobil is a significant event for Pioneer Natural Resources. This could potentially impact the company's stock price and market position, depending on the terms of the deal and its execution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Exxon Mobil's acquisition of Pioneer Natural Resources could potentially boost its growth. The company's historical performance shows strong returns and dividends.
The acquisition of Pioneer Natural Resources is a significant move for Exxon Mobil, potentially boosting its growth and market position. The company's historical performance, including strong returns and dividends, indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100