ExxonMobil has been making headlines due to its acquisition of Pioneer Natural Resources in a $60 billion all-stock deal, which will double its presence in the Permian Basin, solidifying its position as a major player in the region. The company has also faced legal challenges, such as a lawsuit from climate-focused shareholders ahead of its annual meeting, and a legal battle to prevent a shareholder resolution calling for emissions cuts from coming to a vote.
Exxon Mobil Corporation, commonly known as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil Company and was formed on November 30, 1999, by the merger of Exxon and Mobil. ExxonMobil is one of the world's largest publicly traded companies by market capitalization and is involved in all aspects of the oil and gas industry, including exploration, production, refining, and marketing of petroleum products. The company operates in over 70 countries and has a significant presence in the Permian Basin, one of the most prolific oil and gas regions in the United States.
