To Infinity And Exxon!
Portfolio Pulse from Thrash Capital
Exxon Mobil Corp is in talks to acquire Pioneer Natural Resources for approximately $60 billion, including debt. The acquisition will expand Exxon's presence in the Permian Basin and boost its overall production. The deal is approved by both companies' boards and is expected to close within the first two quarters of 2024. The Energy Select Sector and Vanguard Energy ETFs are also mentioned as ones to watch.
October 27, 2023 | 4:16 pm
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POSITIVE IMPACT
Pioneer Natural Resources is being acquired by Exxon Mobil Corp for approximately $60 billion.
The acquisition by Exxon Mobil Corp could potentially increase the stock value of Pioneer Natural Resources.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Vanguard Energy ETF is one to watch as Exxon Mobil Corp's acquisition of Pioneer Natural Resources unfolds.
As Exxon Mobil Corp expands its footprint in the energy sector, this could potentially impact the Vanguard Energy ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Energy Select Sector ETF is one to watch as Exxon Mobil Corp's acquisition of Pioneer Natural Resources unfolds.
As Exxon Mobil Corp expands its footprint in the energy sector, this could potentially impact the Energy Select Sector ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Exxon Mobil Corp's acquisition of Pioneer Natural Resources will boost its overall production and expand its presence in the Permian Basin.
The acquisition of Pioneer Natural Resources will significantly expand Exxon's footprint in the energy sector, particularly in the Permian Basin. This could potentially increase Exxon's stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100