Exxon Mobil Corporation
ExxonMobil Completes Acquisition of Pioneer Natural Resources
Summary
Exxon Mobil Corporation (XOM) has completed the acquisition of Pioneer Natural Resources Company (PXD) for approximately $60 billion, more than doubling its Permian Basin footprint. The merger aims to create a leading unconventional business in the Permian Basin with an estimated 16 billion barrels of oil equivalent resource. This acquisition aligns with XOM's strategy to enhance its energy security, operational efficiency, and environmental goals, including a faster transition to net-zero emissions by 2035. Additionally, Maria S. Dreyfus has been appointed to XOM's Board of Directors in connection with the merger.
Profitelligence Alerts
Get alerts for XOM
Be first to know when Exxon Mobil Corporation files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Exxon Mobil Corporation
Exxon Mobil Corporation is a leading integrated energy company engaged in the exploration, production, transportation, and sale of crude oil and natural gas. As one of the largest publicly traded oil and gas companies in the world, Exxon Mobil is involved in all stages of the petroleum value chain, from upstream operations like exploring and producing oil and gas, to downstream activities such as refining, marketing, and selling petroleum products. The corporation also engages in chemical manufacturing, producing and selling assorted petrochemicals to various industries. Founded by the merger of Exxon and Mobil in 1999, Exxon Mobil has played a significant role in global energy supply, employing advanced technology and emphasizing efficiency and sustainability in its operations. The company influences a wide array of sectors, including transportation, energy production, and manufacturing, highlighting its pivotal role in the broader economic landscape. Headquartered in Irving, Texas, Exxon Mobil remains a significant player in addressing energy needs and advancing initiatives towards environmentally responsible energy solutions.
Official SEC Documents
Advertisement