---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-014885"
form_type: "8-K"
ticker: "XOM"
cik: "0000034088"
company_name: "EXXON MOBIL CORP"
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:52:11.240871+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# ExxonMobil to acquire Pioneer Natural Resources in $59.5B all-stock deal

## Summary
- Deal valued at $59.5B ($253/share); Pioneer holders get 2.3234 XOM shares per PXD share; total enterprise value ~$64.5B.
- Combined Permian position: 16B boe resource; 2023 pro forma production of 1.3M boe/d, targeting ~2M boe/d by 2027.
- Pioneer CEO Scott Sheffield and one Pioneer director to join ExxonMobil board at close.
- Synergies include cost of supply <$35/bbl from Pioneer assets; deal expected to be immediately accretive to EPS and FCF.
- Termination fee of $1.815B payable by Pioneer if it terminates for a superior proposal.

## SEC filing metadata
- accession: 0000950103-23-014885
- form_type: 8-K
- ticker: XOM
- cik: 0000034088
- company_name: EXXON MOBIL CORP
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34088/000095010323014885/0000950103-23-014885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34088/000095010323014885/dp201349_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-014885
- JSON: https://secwatch.observer/filing/0000950103-23-014885.json
- Plain text: https://secwatch.observer/filing/0000950103-23-014885.txt

## Key facts
- Material Agreements
  EXXON MOBIL CORP entered into Agreement and Plan of Merger with Pioneer Natural Resources Company (effective 2023-10-10).
  - Action: entry
  - Agreement: merger
  - Counterparty: Pioneer Natural Resources Company
  - Effective: 2023-10-10
  source text: On October 10, 2023, Exxon Mobil Corporation, a New Jersey corporation (the “ Company ”), SPQR, LLC, a wholly owned subsidiary of the Company and a Delaware limited liability company (“ Merger Sub ”), and Pioneer Natural Resources Company, a Delaware corporation (“ Pioneer ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/34088/000095010323014885/0000950103-23-014885-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.