Exxon’s Move on Pioneer Would Be Momentous for Shale
A deal would be the oil major’s biggest in two decades and mark a watershed in the history of the Permian Basin.
An American flag at the entrance to an oil lease in Odessa, Texas.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, reporter Laura Hurst looks at a major acquisition in the offing in the prolific Permian Basin. To get this newsletter sent straight to your inbox, you can sign up here.
Darren Woods is about to make the biggest move of his leadership, cementing Exxon Mobil Corp. as king of the Permian Basin.