ExxonMobil's Mega Merger Plans Signal Shale Consolidation and Climate Challenges
Originally Published 2 years ago — by Financial Times
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.