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Exxon Mobil completes $60 billion deal for Pioneer Natural

Market Spectator May 3, 2024 1 minute read
FILE PHOTO: Illustration shows ExxonMobil logo and natural gas pipeline

FILE PHOTO: Illustration shows ExxonMobil logo and natural gas pipeline

(Reuters) – Exxon Mobil has closed its $60 billion purchase of Pioneer Natural Resources, the oil and gas producer said on Friday, a day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal.

(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)

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