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ExxonMobil Buys Pioneer in Massive $60 Billion Deal

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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

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