M&A Deal Summary |
|
|---|---|
| Date | 2023-10-11 |
| Target | Pioneer Natural Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) | ExxonMobil |
| Deal Type | Merger |
| Deal Value | 64.5B USD |
| Advisor(s) | Goldman Sachs Morgan Stanley Petrie Partners LLC (Financial) Gibson, Dunn & Crutcher (Legal) |
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| Category | Company |
|---|---|
| Founded | 1870 |
| Sector | Oil/Gas Exploration |
| Employees | 62,000 |
| Revenue | 398.7B USD (2022) |
ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Irving, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 10 |
| Sector (Oil/Gas Exploration) | 9 of 9 |
| Type (Merger) | 2 of 2 |
| State (Texas) | 4 of 4 |
| Country (United States) | 8 of 8 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-13 |
Denbury
Plano, Texas, United States Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage (“CCS”) and Enhanced Oil Recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCS through the injection of captured industrial-sourced CO2. It currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. Danbury was incorporated in 2003 and is based in Plano, Texas. |
Buy | $4.9B |
