Exxon Mobil: The Permian Printing Press

Nerthuz Introduction The ink is now drying on the biggest shale patch merger of all time. In case memory escapes you, I am referring to Exxon Mobil Corporation's (NYSE:XOM) purchase of Pioneer Natural Resources-formerly PXD. As of May 3rd, 2024, the two oil giants are now one shale colossus. We were supportive of the merger in the context of what we see developing in shale's future, and discussed why in a public article last fall. Our updated shale thesis was in another public article if you would like  ...