Exxon Mobil Corp.
Exxon Mobil has held preliminary and informal discussions about acquiring U.S. fracking company Pioneer Natural Resources Co., The Wall Street Journal reported Friday, adding that the cash-rich oil-and-gas giant has been looking to expand and has had discussions with at least one other company. Earlier in the week, oil prices surged after OPEC+, the Saudi-led group of producers, said that it would cut more than a million barrels of output a day starting next month. Exxon shares jumped 5.9% Monday.
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