Exxon Mobil (XOM.N) is in advanced talks to acquire Pioneer Natural Resources (PXD.N) in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with the matter.
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photoin a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with the matter.
"If Exxon Mobil is crowned the undisputed king of the Permian in the coming days, the shale sector will fundamentally become a more mature consolidated business."
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