XOM - If You Invested $1000 In Exxon Mobil Stock When The Merger Closed In 1999 Here's How Much You'd Have Today | Benzinga
Oil giant Exxon Mobil Corporation (NYSE: XOM) is making headlines this week after agreeing to acquire Pioneer Natural Resources (NYSE: PXD) in one of its largest acquisitions in company history.
Here’s a look at today's Pioneer deal, as well as a look back at the company’s previous — and biggest — acquisition.
What Happened: After rumors of a mega deal, Exxon Mobil formally announced its plans to acquire Pioneer Natural Resources for a total of $64.5 billion, or $253 per share.
Pioneer shareholders will receive 2.3234 shares of Exxon Mobil for each PXD share they hold.
The acquisition is one of many made by Exxon Mobil, which has a market capitalization of over $420 billion. The company is also one of ...