An array of pumpjacks operate near the site of a new oil and gas well being drilled Friday, April 8, 2022 in Midland, Texas. Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (Eli Hartman/Odessa American via AP, File)
October 11, 2023
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October 11, 2023 10:55 a.m.
Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge
Woods explained that Exxon and Pioneer will be able to use their combined capabilities to drive down emissions and produce lower carbon intensity oil and gas