Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge - ABC News
abcnews.go.comSubmitted by abcnews4704 in business
Exxon Mobil 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