Exxon Stock Takes a Plunge: Q2 Profits Threatened by Looming Natural Gas Price Drop!
In its recent announcement, Exxon Mobil Corp.XOM, a leading player in the energy sector, projected a reduction in their second-quarter profits. This is primarily a result of the persistent slump in natural-gas prices. The impact on profitability is slated to be induced on its upstream operations–which majorly involve the initial stages of energy production including […]
Exclusive: Exxon and Pioneer Natural in Exciting Talks for a Groundbreaking Deal – WSJ
Exxon Mobil has reportedly been involved in informal discussions on a potential acquisition of Pioneer Natural Resources. According to anonymous sources, Exxon sees Pioneer as a top target, as it explores options for investing its cash, with any deal not likely to occur until later this year or next year.