EXXON MOBIL CORP (XOM): M&A transaction — ExxonMobil Completes Pioneer Acquisition, Doubling Permian Footprint

EXXON MOBIL CORP

Each Pioneer share exchanged for 2.3234 XOM shares; merger effective May 3, 2024.
Combined company holds >1.4M net Permian acres with ~16B boe resource.
Permian production doubles to 1.3M boe/d (2023), targeting ~2M boe/d by 2027.
Maria Dreyfus appointed to XOM board; Scott Sheffield excluded per FTC consent.
Pioneer's net-zero goal accelerated 15 years to 2035; expects >90% water recycling by 2030.

item 2.01 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Appointed

Maria S. Dreyfus

Director

XOM · EXXON MOBIL CORP

Effective: 2024-05-03
Filed: May 3, 2024, 7:59 PM ET

appointed Maria S. Dreyfus to the Company’s Board of Directors as a new non-employee director of the Company effective May 3, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Maria S. Dreyfus was appointed as Director at EXXON MOBIL CORP.

Action: appointed
Role: Director

Exact text from the filing

appointed Maria S. Dreyfus to the Company’s Board of Directors as a new non-employee director of the Company effective May 3, 2024.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 1.0

EXXON MOBIL CORP completed an acquisition involving Pioneer Natural Resources Company for 2.3234 shares of Company common stock per Pioneer share, plus cash for fractional shares (closed 2024-05-03).

Action: acquisition
Counterparty: Pioneer Natural Resources Company
Consideration: 2.3234 shares of Company common stock per Pioneer share, plus cash for fractional shares
Closing: 2024-05-03

Exact text from the filing

other than certain excluded shares held by Pioneer as treasury stock or owned by the Company or Merger Sub, was canceled and automatically converted into the right to receive 2.3234 shares of common stock, without par value, of the Company (“ Company common stock ”), together with cash proceeds from the sale of fractional shares (the “ Merger Consideration

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9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

EXXON MOBIL CORP filing history →

Source: SEC EDGAR

accession 0000950103-24-006322

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