Exxon buys Pioneer

I am wondering the thoughts about Exxon buying Pioneer oil and the Permian Basin? Perhaps leasing again in Texas?

Depends. It’s an all-stock deal which would help ExxonMobil cement its position in the Permian Basin region. In an all-stock deal, the acquiring company pays for the target company with its own shares of stock rather than cash. This allows the acquiring company to avoid taking on additional debt and can be a tax-efficient way to finance a merger.

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