王子变青蛙

Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural_我的网站

一 |     Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including debt, Exxon is committing about $64.5 billion to the acquisition, leaving no doubt of the Texas energy company's commitment to fossil fuels as energy prices surge. Pioneer shareholders will receive 2.32 shares of Exxon for each Pioneer share they own.“I think fossil fuels, as the world looks to transition and find lower sources of affordable energy with lower emissions, fossil fuels oil and gas are going to continue to play a role over time,” Exxon Mobil CEO Darren Woods said during an interview with CNBC. “ That may diminish with time. The rate of that is, I think, not very clear at this stage. But it will be around for a long time.” Woods explained that Exxon and Pioneer will be able to use their combined capabilities to drive down emissions and produce lower carbon intensity oil and gas. Exxon purchased XTO Energy in 2009 for approximately $36 billion. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion.The deal with Pioneer Natural vastly expands Exxon's presence in the Permian basin, a massive oilfield that straddles the border between Texas and New Mexico. Drilling the Permian accounted for 18% of all U.S. natural gas production last year, according to the U.S. Energy Information Administration.Pioneer's more than 850,000 net acres in the Midland Basin will be combined with Exxon’s 570,000 net acres in the Delaware and Midland Basin, nearly contiguous fields that will allow the combined company to trim costs. That is a big driver of the deal. Natural gas rigs in operation have declined over 26% in the U.S. since the start of the year, according to government data, largely due to the rising costs for drilling materials and labor over the past two years. “Their tier-one acreage is highly contiguous, allowing for greater opportunities to deploy our technologies, delivering operating and capital efficiency as well as significantly increasing production,” Woods said of Pioneer in a prepared statement. The company will have an estimated 16 billion barrels of oil equivalent in the Permian.Once the deal closes, Exxon Permian production volume will more than double to 1.3 million barrels of oil equivalent per day, based on 2023 volumes. It's expected to climb to about 2 million barrels of oil equivalent per day in 2027. “The combination of ExxonMobil and Pioneer creates a diversified energy company with the largest footprint of high-return wells in the Permian Basin,” Pioneer CEO Scott Sheffield said in a prepared statement. Citi's Alastair Syme wrote that the transaction could provide multiple benefits to Exxon. “Across the industry, the logic of consolidation in the highly fragmented Permian shale remains compelling with significant gains to be achieved from economies of scale by minimizing facilities spend, optimizing drilling and reducing" general spending, Syme wrote. Exxon is flush with cash. The company posted unprecedented profits last year of $55.7 billion, breezing past its previous record of $45.22 billion in 2008 when oil prices hit record highs.Exxon Mobil Corp. has been using some of that cash on acquisitions. In July the company announced that it was buying pipeline operator Denbury in an all-stock deal valued at $4.9 billion.Pioneer Natural has been making similar maneuvers. In 2020 the company said it was buying Parsley Energy in an all-stock deal valued at approximately $4.5 billion. It then purchased DoublePoint Energy in a cash-and-stock deal worth about $6.4 billion in 2021.The boards of both companies have approved the transaction, which is expected to close in the first half of next year. It still needs approval from Pioneer shareholders. Shares of Exxon fell more than 4% in Wednesday morning trading.。    本报讯 近日，绥中县召开发展壮大农村集体经济推进会暨2024年第二季度乡镇党委书记工作例会，贯彻落实全国及省、市组织部长会议精神，全面压实乡镇党委书记基层党建“第一责任人”职责，深入推进“农村党建巩固年”“三领三带”专项行动，安排部署全县发展壮大农村集体经济等重点工作。

二 | 县委书记刘晓军等县领导出席会议。         　　会议指出，要进一步认清形势，提高发展壮大村级集体经济的思想认识，全县各乡镇和相关部门要大力发展产业项目，不断增强集体经济“造血”能力，拓宽农民群众增收渠道，提高县域经济发展内生动力，把党的政治优势、组织优势转化为推动高质量发展优势。         　　会议要求，要进一步把握重点，明确抓党建促乡村振兴各项工作任务，坚持党组织领航，带动产业发展能力提升，坚持“头雁”领路，带动村干部队伍素质提升，坚持党员领头，带动基层治理水平提升；要进一步强化要素保障，为抓党建促乡村振兴提供不竭动力，持续加大政策保障、健全组织保障、完善考评机制，各乡镇党委要切实担负起“抓党建促乡村振兴”的主体责任，坚持党建引领，助力乡村振兴，为打好打赢全面振兴新突破三年行动攻坚之年攻坚之战贡献力量。         　　会议通报了2023年底各乡镇集体经济收入有关情况，并就相关工作提出要求。与会人员观看了《绥中县壮大村集体经济典型示范村成果汇报》专题片。（刘佳栗）。

Current article:http://bf7o3.shouyouxumianpouluanteng.shop/news/20260826_2582131.html

Published on:22:16:54