Pioneer Natural Resources soars amid report that it could be acquired by Exxon. Here’s what the pros say

by | Oct 6, 2023 | Financial

Market Movers rounded up the latest reactions on Pioneer Natural Resources from investors and analysts after The Wall Street Journal published a report Thursday night that Exxon Mobil is closing in on a deal to buy the energy company. Shares of Pioneer spiked following the news as investors are anticipating what could be the largest acquisition from Exxon since it bought Mobil in 1998. Pioneer’s stock closed Friday’s trading session up about 10.5% and is also held in Jim Cramer ‘s Charitable Trust.

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