For Exxon Mobil, buying Pioneer Natural Resources would cost a chunky $64 billion. The implied return on investment looks healthy enough under conventional parameters. These days, however, the bar is higher: rob_cyran
would cost a chunky $64 billion. The implied return on investment looks healthy enough under conventional parameters, according to Breakingivews calculations. These days, however, the bar is higher.talks
If Exxon were to pay a 30% premium to Pioneer’s undisturbed share price, the enterprise would cost $68 billion, including net debt. Tax Pioneer’s expected operating profit and the projected synergies at the statutory corporate rate of 21%, and it leads to around $7.2 billion of net operating profit after tax. On those numbers, Exxon’s return would be about 11%, comfortably above Pioneer’s roughly 8% weighted average cost of capital as calculated by Morningstar analysts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pioneer Natural Resources stock jumps after WSJ report of merger talks with Exxon MobilShares of Pioneer Natural Resources Co. undefined powered up 6.4% toward an eight-week high, to pace the S&P 500's undefined premarket gainers, after the...
Read more »
Exxon sells nearly 200 acres near Southwest Side parkA Houston firm purchased the vacant land near Pearsall Park from oil company Exxon Mobil Corp. It has other holdings in San Antonio.
Read more »
Stocks making the biggest moves premarket: Micron, Pioneer Natural Resources, Tesla and moreThese are the stocks posting the largest moves before the bell.
Read more »
Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and moreMicron's shares popped after its rival announced plans to cut memory chip production near term—a move analysts said could lead to a chipmaking sector rebound.
Read more »
‘Rocky Horror,’ Hercule Poirot and ‘Great Comet’ on Pioneer Theatre’s slate next seasonThe 2023-2024 season of Pioneer Theatre Company will include a new adaptation of an Agatha Christie classic, 'The Rocky Horror Show,' a new holiday musical, 'The Lehman Trilogy' and 'Natasha, Pierre & The Great Comet of 1812.'
Read more »
Micron, Tesla, Apple, Tupperware and other stocks on the moveTupperware, Micron Technology and Pioneer Resources were among the biggest moving shares on Monday.
Read more »