Wall Street Applauds Exxon's Transformational "Home Run" Deal
October 11, 2023 at 15:14 PM EDT
Exxon Mobil shares have dropped as much as 5% after agreeing to buy Pioneer Natural Resources for $59.5 billion in an all-stock deal that Wall Street said offers not only cost-savings for Exxon, but makes the company the undisputed US shale king.
