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7min chapter
Exxon Mobil Buying Pioneer Natural Resources for $59.5 Billion
Bloomberg Businessweek
Combining Exxon Mobil and Pioneer Natural Resources
The chapter discusses the reasons behind the agreement to combine Exxon Mobil and Pioneer Natural Resources, highlighting the benefits of the technological advancements and integration downstream. It also discusses the nature of the deal and Exxon's previous struggles with acquisitions in the Permian Basin. The chapter concludes with a discussion on potential issues and the impact of oil price moves on the deal.
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