Exxonmobil announces merger with pioneer natural resources in an all-stock transaction

Spring, texas & irving, texas--(business wire)--exxon mobil corporation (nyse: xom) and pioneer natural resources (nyse: pxd) jointly announced a definitive agreement for exxonmobil to acquire pioneer. the merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on exxonmobil's closing price on october 5, 2023. under the terms of the agreement, pioneer shareholders will receive 2.3234 shares of exxonmobil for each pioneer share at closing. the implied total enterpris.
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