re: My Exxon stock just hit a new high?

quote:

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Exxon Mobil (XOM) is nearing a deal to acquire Pioneer Natural Resources (PXD), which would value the shale driller at about $60B.

A deal may be finalized in the coming days if the discussions don't hit a last-minute obstacle. While Exxon held preliminary deal talks with Pioneer in April, it'd also discussed a potential tie-up with at least one other company as it sought a blockbuster deal in the shale patch. If the Pioneer deal is successful, it would mark Exxon's largest acquisition since its purchase of Mobil in 1999. The combination of the companies would also create the Permian Basin's largest producer, surpassing current leader Occidental Petroleum

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