XOM - What's Going On With Exxon Mobil Shares Today? | Benzinga
Exxon Mobil Corporation (NYSE:XOM) closed its acquisition of Pioneer Natural Resources Company last week.
The merger of both companies created a combined company that has more than 1.4 million net acres in the Delaware and Midland basins and had an estimated 16 billion barrels of oil equivalent resource.
With the buyout, ExxonMobil’s Permian production volume is projected to more than double to 1.3 million barrels of oil equivalent per day (MOEBD), based on 2023 volumes, and is targeted to increase to around 2 MOEBD in 2027.
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