Exxon's Potential Acquisition of Pioneer Natural Resources Boosts Shale Stocks.
TL;DR Summary
American shale producers' shares rose after reports that Exxon was in informal talks for the potential acquisition of Pioneer Natural Resources, whose stock jumped 8.5% on the day. The market is viewing Exxon’s purchase as the potential start of an M&A spree, with Big Oil flush with cash and Permian asset holders looking attractive. Chevron is also potentially on the lookout for Permian assets this year.
Topics:business#energy#exxon#mergers-and-acquisitions#permian-assets#pioneer-natural-resources#shale-producers
- Shale Stocks Making Big Daily Gains Amid Exxon-Pioneer Reports OilPrice.com
- Pioneer Natural Resources Jumps On Reported Exxon Takeover Talks | Investor's Business Daily Investor's Business Daily
- Shale Firms Jump on Report of Exxon’s Interest in Pioneer Yahoo Finance
- Exxon Considers Buying U.S. Shale Giant OilPrice.com
- Exxon Mobil eyeing Pioneer Natural Resources acquisition: Report Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
77%
284 → 66 words
Want the full story? Read the original article
Read on OilPrice.com