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Darren Woods
ExxonMobil Chairman and CEO Darren Woods (left) and Pioneer CEO Scott Sheffield [Photos: Business Wire]
ExxonMobil To Acquire Irving-Based Pioneer Natural Resources in $64.5 Billion Deal
by Lance Murray | Oct 11, 2023
The companies said the all-stock merger deal combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating "a diversified energy company with the largest footprint of high-return wells in the Permian Basin."
by Lance Murray |
Dec 8, 2022
In its newly released five-year plan, Irving-based ExxonMobil said that it has allocated roughly $17 billion on its own emission reductions and accretive third-party lower-emission initiatives through 2027, an increase of almost 15%. Nearly 40% of these investments is directed toward building its lower-emissions business with customers to reduce their greenhouse gas emissions with a primary emphasis on large-scale carbon capture and storage, biofuels, and hydrogen.
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by Dallas Innovates | Staff Report |
Dec 4, 2022
The former CEO of Continental Airlines, who led a major in the industry’s downturn after 9/11, and the former president and COO of Raytheon will join Exxon Mobil’s board. The election of the two leaders grows the board to 13 members.
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