PXD Stock Recent News
PXD LATEST HEADLINES
In the most recent trading session, Pioneer Natural Resources (PXD) closed at $245.16, indicating a +0.09% shift from the previous trading day.
In the closing of the recent trading day, Pioneer Natural Resources (PXD) stood at $255.23, denoting a +1.35% change from the preceding trading day.
Pioneer Natural Resources (PXD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Bloomberg TV's Alix Steel and Fernando Valle of Bloomberg Intelligence detail Exxon Mobil's biggest deal since 1999 and explain the mega-merger's impact on the global energy market, specifically when it comes to shale production. Get in-depth stories from business to finance on the Bloomberg Businessweek podcast: Apple: bit.ly/3IPl60i Spotify: bit.ly/3WGFd6B Anywhere: bit.ly/42xo9kZ
Stocks are up today as investors are hopeful that the Federal Reserve is finally done with interest rate increases. This is despite wholesale inflation increasing by 2.2% year-over-year in September.
Petrie Partners, a boutique advisory firm known to few outside the energy industry, advised on Pioneer Natural Resources Co's $60 billion sale to Exxon Mobil , this year's biggest deal, alongside major investment banks.
Exxon Mobil is looking to expand its gas production in Texas with a massive $60 billion merger.
Exxon Mobil Corp.'s plan to buy Pioneer Natural Resources Co. for $64.5 billion including debt ranks as the largest merger announced thus far in 2023, which has been a lackluster year for deal making.
Shareholders of Pioneer Natural Resources will receive 2.3234 shares of ExxonMobil for each Pioneer share they own at closing, Exxon said in a statement.
The oil and gas giant says it will “more than double” its Permian production volume to “1.3 million barrels of oil equivalent per day” after the acquisition. The U.S. oil and gas giant ExxonMobil has announced that it intends to acquire the Texas-based petroleum and natural gas company Pioneer Natural Resources in a deal valued at $59.5 billion.