ExxonMobil's Mega Merger Plans Signal Shale Consolidation and Climate Challenges
TL;DR Summary
ExxonMobil's discussions with Pioneer Natural Resources signal a "new era" of consolidation in the shale industry, as companies seek to weather the downturn caused by the COVID-19 pandemic and low oil prices. The talks between the two energy giants could potentially lead to a merger or acquisition, as both companies face challenges in the current market.
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