Exxon Mobil agrees to buy Pioneer for nearly $60 billion. Here's what the pros have to say
October 11, 2023
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Market Movers rounded up the latest reactions on Exxon Mobil from investors and analysts. The pros, including Jim Cramer , discussed the massive U.S. oil and gas producer after the company agreed to buy its shale rival Pioneer Natural Resources in an all-stock deal for $59.5 billion. This mega-merger deal is expected to close in the first half of 2024. Scott Sheffield, CEO of Pioneer Natural Resources, and Exxon Mobil CEO Darren Woods both joined CNBC on Wednesday morning to talk about the merger and what to expect next year after its completion. Exxon Mobil stock dipped 3.6% Wednesday. Pioneer is held in Cramer’s Charitable Trust portfolio.
