[ TRANSACTION RECORD ]

ExxonMobil Investment in Exxon Permian Basin — 2024

VERIFIED VECTOR ID: 002191 · tx-287
M SOURCE NODE — FUNDER
ExxonMobil
Energy United States
$60,000,000,000
EQUITY
03/05/2024
Q DESTINATION NODE — RECIPIENT
Exxon Permian Basin
SPV 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 Exxon Permian Basin
Entity Type SPV
Jurisdiction United States
Intelligence Note

ExxonMobil completed the acquisition of Pioneer Natural Resources for approximately 60 billion dollars to significantly increase its footprint in the Permian Basin shale play. This transaction combines Pioneer’s high-quality acreage with Exxon’s advanced drilling technology and financial scale. The deal is a landmark consolidation in the global energy sector focusing on domestic resource development.

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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