
In an unexpected twist within the energy sector, Exxon Mobil, the towering giant in the American oil and gas industry, is reportedly in advanced talks to acquire Pioneer Natural Resources, a prominent player in the shale production arena. The deal, which is on the table at an astonishing $60 billion valuation, has sent shockwaves through financial markets, and on Friday, the mere mention of it lifted Pioneer Natural Resources’ stock price by nearly 8%.·
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