Exxon Buys Pioneer. Here's What Deal Could Come Next in the Energy Patch.
ExxonMobil (NYSE: XOM) made waves this week by agreeing to acquire Pioneer Natural Resources in a more than $60 billion deal. Many oil market watchers believe the deal will set off a consolidation wave.
Enterprise Products Partners (NYSE: EPD), Chevron (NYSE: CVX), and Permian Resources (NYSE: PR) stand out to a few Fool.com contributors as companies that are likely to participate in the energy sector's upcoming merger wave. Here's how a merger could benefit these companies.
Reuben Gregg Brewer (Enterprise Products Partners): Energy producers aren't the only ones that are likely to see increased merger and acquisition activity. Enterprise Products Partners, for example, bought Navitas Midstream Partners in February 2022 for $3.2 billion. But that's just one of many acquisitions the master limited partnership (MLP) has accomplished in its history.
Source Fool.com