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Explained | How stars aligned for Exxon's $60 billion deal with Pioneer

After brief informal conversations earlier this year, Exxon approached Pioneer about a deal last month, sources said. It was from a position of strength. Exxon's shares were hovering near record highs, and it had a cash pile of about $30 billion.
Last Updated : 12 October 2023, 10:26 IST

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Published 12 October 2023, 10:26 IST

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