ExxonMobil Buys Pioneer in Massive $60 Billion Deal
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
It's classic horizontal integration right out of the book of John D. Rockefeller.
ExxonMobil announced it will purchase shale giant Pioneer Natural Resources for just under $60 billion, marking the largest oil-and-gas deal in decades and signifying that fossil fuels aren't going anywhere just yet.
Source Fool.com