NEW YORK (dpa-AFX) – According to a press report, the US oil company ExxonMobil is about to take over the shale oil specialist Pioneer Natural Resources. The megadeal could be worth almost 60 billion US dollars (57 billion euros), as the “Wall Street Journal” (“WSJ”) reported on Friday, citing informed people. It would be Exxon’s largest acquisition since the major merger with Mobil in 1999. The newspaper had already reported on discussions in April. The deal could be sealed in the coming days – even if there is still the possibility of failure.
The purchase would give ExxonMobil a boost in West Texas and New Mexico, in a major oil field called the Permian Basin. The group has described the region as central to its growth intentions. ExxonMobil made a record profit of almost $56 billion last year in the face of soaring energy prices as a result of Russia’s invasion of Ukraine and is therefore cash-rich. Pioneer currently has a market value of over $50 billion, Exxon is currently worth $436 billion./men/lew/stk
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