Image: Apa/Afp/Loeb
According to insiders, the US company ExxonMobil wants to buy Pioneer Natural Resources. The takeover could be worth around $60 billion (57 billion euros), Reuters news agency reported.
It would be the biggest deal for Exxon since 1998, when the oil company took over its competitor Mobil for $81 billion. With the current takeover, the largest US oil producer could expand its presence in one of the most lucrative regions of the US oil sector. With a market value of $50 billion, Pioneer is the third-largest oil producer after Chevron Corp and ConocoPhilips in the Permian Basin in the southwestern United States.
more from economics
