Something stinks here!! Pretty sure it’s 60/40 this thing falls apart. Definitely major issues with this deal.
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Oil reserves on the global stage can be iffy with the change of the country president, war, or that timely back-room money into your pocket. Domestic reserves, oil in the ground in these United States are much more certain that they can be monetized with nearby markets and transportation network. The Pioneer Exxon deal is a done deal, and it will bring much value to Exxon. Unfortunately, oil is a commodity, everything has value and a price, and the Pioneer employees are going to hurt on this one. The future of Exxon will be interesting as the United States and the world enters a 50 period of transition to lower carbon energy sources. That will be left to the future leaders of Exxon, workers there now will not be players in 50 years. Oil will take its place next to wood, whale oil, coal, kerosene. There are some incredible people that work in the oil industry.
May 3rd… 2025 😂
Closing on May 3rd.
closing the 29th
I think they are showing how XOM even has multiple deals going on internally of bigger impact. PXD is small on global scale.
LF9M UBRS
What's Guyana have to do with it? FTC only concerned with domestic production.
I give the chances of this deal closing 32.33, repeating of course, percentage.
Check is in the mail.
FTC just waiting for the bagman to show up before they approve, delay, or deny.
PXD is only 3% of world oil per day. Exxon employees barely even care that they are absorbing PXD. Bringing in 2,000 people into an 60,000 person company. Exxon has much bigger things to worry about like Chevron and Guyana. Guyana is 11 billion oil reserves and PXD is a little over 1 billion. FTC is much more concerned with tech companies vs oil and gas. Magnitude of $$ in a merger isn’t the same as monopolizing an industry. The deal will go through.
One of the biggest deals ever is "just a blip"? Someone's been chugging the Kool aid for too long
It better close. Nothing is getting done work wise
It’ll go through fine. It’s such a tiny piece of the oil industry. Not even a blip.
69/31 FTC extends 30 days then lets it go through to save themselves the embarrassment of taking another L
The only thing imploding is management’s egos.
attrition will be really bad in that additional ~9 months.
Deal is closing. Why do people play d-mb. FTC docs in. Now 30 days and then FTC may ask for time extension to slow walk the deal. When that runs out DOJ sues. Six to eight months later the deal closes.
Lina is a goddess. Good chance the FTC will sue. Pour one out for my RSUs...