United States $525 Billion Oil Giant ExxonMobil Completes $60 Billion Acquisition of Pioneer Natural Resources
9th May 2024 | Hong Kong
United States oil giant ExxonMobil (9/5/24: $525 billion market value) has completed the $60 billion acquisition of Pioneer Natural Resources. Announcement (3/5/24): “Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD). The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin. The combined company’s more than 1.4 million net acres in the Delaware and Midland basins have an estimated 16 billion barrels of oil equivalent resource. ExxonMobil’s Permian production volume will more than double to 1.3 million barrels of oil equivalent per day (MOEBD), based on 2023 volumes, and is expected to increase to approximately 2 MOEBD in 2027, based on initial estimates. Combining Pioneer’s differentiated Permian inventory and basin knowledge with ExxonMobil’s proprietary technologies, financial resources, and industry-leading project execution excellence is expected to generate double-digit returns by recovering more resource, more efficiently and with a much lower environmental impact.” Western oil & energy giants CEOs pay in 2023 – Exxon Mobil CEO Darren Woods paid $36.9 million in 2023 ($36 billion profit in 2023), Chevron CEO Michael Wirth paid $26.5 million ($21 billion profit in 2023), and Shell CEO Wael Sawan paid $10 million ($28 billion profit in 2023). In 2023, Western oil & energy giants have reported enormous profits in 2022, with Exxon Mobil reporting $55.7 billion in profit (3/2/23: $460 billion market cap), Shell reporting $39.9 billion (3/2/23: $200 billion market cap), Chevron reporting $36.5 billion (3/2/23: $327 billion market cap), and ConocoPhillips reporting $18.7 billion (3/2/23: $134 billion market cap). ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers. Shell is a global group of energy and petrochemical companies. Chevron is one of the world’s leading integrated energy companies. ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves.
“ United States $525 Billion Oil Giant ExxonMobil Completes $60 Billion Acquisition of Pioneer Natural Resources “
Western Oil & Energy Giants CEOs Pay in 2023: Exxon Mobil CEO Darren Woods Paid $36.9 Million, Chevron CEO Michael Wirth Paid $26.5 Million, Shell CEO Wael Sawan Paid $10 Million
12th April 2024 – Western oil & energy giants CEOs pay in 2023 – Exxon Mobil CEO Darren Woods paid $36.9 million in 2023 ($36 billion profit in 2023), Chevron CEO Michael Wirth paid $26.5 million ($21 billion profit in 2023), and Shell CEO Wael Sawan paid $10 million ($28 billion profit in 2023). In 2023, Western oil & energy giants have reported enormous profits in 2022, with Exxon Mobil reporting $55.7 billion in profit (3/2/23: $460 billion market cap), Shell reporting $39.9 billion (3/2/23: $200 billion market cap), Chevron reporting $36.5 billion (3/2/23: $327 billion market cap), and ConocoPhillips reporting $18.7 billion (3/2/23: $134 billion market cap). ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers. Shell is a global group of energy and petrochemical companies. Chevron is one of the world’s leading integrated energy companies. ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves.
Western Oil & Energy Giants Report Enormous Profits in 2022 – Exxon Mobil $55.7 Billion, Shell $39.9 Billion, Chevron $36.5 billion, ConocoPhillips $18.7 Billion
4th February 2023 – Western oil & energy giants have reported enormous profits in 2022, with Exxon Mobil reporting $55.7 billion in profit (3/2/23: $460 billion market cap), Shell reporting $39.9 billion (3/2/23: $200 billion market cap), Chevron reporting $36.5 billion (3/2/23: $327 billion market cap), and ConocoPhillips reporting $18.7 billion (3/2/23: $134 billion market cap). ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers. Shell is a global group of energy and petrochemical companies. Chevron is one of the world’s leading integrated energy companies. ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves.
ExxonMobil, Shell, Chevron & ConocoPhillips
ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers, develops and applies next-generation technologies to help safely and responsibly meet the world’s growing needs for energy and high-quality chemical products.
Shell is a global group of energy and petrochemical companies with more than 80,000 employees in more than 70 countries. We use advanced technologies and take an innovative approach to help build a sustainable energy future.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines.
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $95 billion of total assets and approximately 9,400 employees at September 30, 2022. Production averaged 1,731 MBOED for the three months ended September 30, 2022, and proved reserves were 6.1 BBOE as of Dec. 31, 2021.
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