[ TRANSACTION RECORD ]

ExxonMobil Investment in Pioneer Natural Resources — 2024

VERIFIED VECTOR ID: 001535 · tx-063
M SOURCE NODE — FUNDER
ExxonMobil
Energy United States
$60,000,000,000
EQUITY
03/05/2024
Q DESTINATION NODE — RECIPIENT
Pioneer Natural Resources
Company United States
Amount (USD)
$60.0B
Flow Type
EQUITY
Transaction Date
03/05/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity ExxonMobil
AUM 440000
HQ Location United States
Sector Energy
Recipient Profile [ Q ]
Entity Pioneer Natural Resources
Entity Type Company
Jurisdiction United States
Intelligence Note

ExxonMobil completed the acquisition of Pioneer Natural Resources for approximately 60 billion dollars, significantly increasing its footprint in the Permian Basin. This transaction combines Pioneer’s high-quality acreage with Exxon’s advanced technology and financial scale. The deal is a landmark consolidation in the global energy sector, focusing on low-cost domestic oil production.

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Primary Forensic Source https://corporate.exxonmobil.com/news/news-releases/2024/0503_exxonmobil-completes-acquisition-of-pioneer-natural-resources/
✓ SOURCE LINKED