Opinion

ExxonMobil shows oil sector M&As are still a draw

Tie-up with Pioneer Natural Resources a throwback to swashbuckling past — and maybe another blow to industry’s green drive

ExxonMobil is understood to be close to a $60 billion deal to buy Pioneer Natural Resources.
ExxonMobil is understood to be close to a $60 billion deal to buy Pioneer Natural Resources.Photo: REUTERS/SCANPIX
  • Editorial
ExxonMobilPioneer Natural ResourcesUSPermian BasinAmericas
Published 9 October 2023, 12:50Updated 11 October 2023, 12:17