In what could be the largest oil deal in years, Exxon has held talks with Pioneer Natural Resources over a possible acquisition of the $49 billion company
Exxon Mobil Corp. has held preliminary talks with Pioneer Natural Resources Co. about a possible acquisition of the U.S.
fracking giant, as the oil major hunts for a blockbuster deal in the shale patch, according to people familiar with the matter., Exxon is flush with cash and, according to people familiar with the company’s plans, has been exploring options that could reshape a swath of the U.S. oil and gas industry while pushing Exxon deeper into West Texas shale.
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