ExxonMobil has finalized a merger with
Pioneer Natural Resources (PXD), in an all-stock transaction,
one of the biggest deals in the industry. The agreement includes barring PXD's ex-CEO from Exxon’s board as a condition of the deal. Despite this, PXD's performances on the stock market have been inconsistent, with periods of underperformance, although the company saw a rise with oil prices. PXD's Q3 earnings and revenues, however, fell short of estimates. Various sources have offered
differing advice to investors regarding PXD’s current market position, sparking debate on whether to
buy, sell or hold stocks. Particular attention is drawn to
FTC’s settlement complaint being part of the merger's approval, leading to consequences for the company’s CEO, and PXD's dividend declining by 78% in the last 16 months.
Pioneer Natural Resource PXD News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Sat, 13 Jul 2024 11:00:49 GMT -
Rating 3
- Innovation -2
- Information 2
- Rumor -6
