https://www.wsj.com/business/deals/exxon-mobil-closing-in-on-megadeal-with-shale-driller-pioneer-31b4092e?fbclid=IwAR3ibdI93jhsd8OsOnWLMVGP5ToZt4a9k0YRo6ibkXJ1jn0exI5j-u6JXKc
28 replies (most recent on top)
They need to let pioneer run the operation out in the Permian. Exxonmobil will drive it into the ground.
I genuinely hope and pray 🙏 this does NOT go through fir the sake of the Pioneer employees! If it does goes through, it is one of the last larger Real American owned oil and gas companies that will quickly be folded into Indian low paid scab employees tread mill to he-l! Courtesy of a company that is now fully lost to India, China and has no loyalty to their American employees! Praying for all Pioneer employees 🙏
DRS caught with his pants down during negotiations!
Wait until we send over the maintenance “transformation” band of id--ts
Wait until we make em follow OIMS!
With our Uncon SVP now in jail, maybe PIO will get a better deal 🤣
I am really sad for their employees as they will be on the chopping block to be outsourced to India SCABS! Just another American born company turning on American citizens by replacing them with low cost scabs!
I like how all of these disgruntled REs who were PIP’d out of their jobs keep linking to random articles and acting like it’s juicy insider information.
More money to burn in Midland & Martin county! Shake that money tree!
Zig while others zag 🤣
Just Darren trying to one-up Rex on his legacy achievement of making a big acquisition at the top of the market.
EM is a joke of a company. Buy high, sell low should be the motto
All looking good for EM, stock only down 10% in just over a week............
This su-ks. I was let go in 2021 and now coming back to get NSI'ed.
I hope them folks from Pio like some tikka masala.
Genius move DW… NOT
Pioneer is only bring about 2,000 people. Perhaps less by the time its all said and done. Don't count of those being a savior or our terrible performance assessment process
@OP+1oXSHlnS- It was on the table after PCV project....
Welcome our Pioneer brothers and sisters. Really welcome, welcome to ExxonMobil. We need you to fill up the NI and NSI ranking goups. Otherwise, we'll be laid off. Now, it's your turn to carry the weight. Thank you very very much for joining us.
@tww, not to state the obvious, but acquiring another O&G company at high oil prices is not a great strategy.
Chevron & Nobles, Jul 2020 @$4x/BBL
Conoco & Concho, Oct 2020 @$4x/BBL
ExxonMobil & Pioneer, Oct 2023 @$8x/BBL
@rcb+1oXSHlnS “Truly foolish purchase”. Why that ? Could you elaborate ? Just out of curiosity.
Imagine those that left for Pioneer!? Hey, welcome back home.
Merry Christmas!!
We are done for the year. All meetings will be relevant to the acquisition..
it is a revers merger. Pioneer leadership will take over. Our Engineers are better after all.
I am sinoatrial for the employees
I am sure they like their company and are proud to work there
This will change for sure!
Ah besides that they will be the new target on the ranking
Truly foolish purchase.
They are gettin' the band back together ...Standard Oil!!!