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LONDON (AP) — On a day when English soccer mourned the passing of Bobby Charlton, Manchester City and Liverpool got back on track with wins in the Premier League. City and Liverpool bounced back from two straight disappointing results with comfortable wins to reignite a title rivalry that is showing signs of once again going deep into the season. Julian Alvarez and Erling Haaland netted for City in the opening 20 minutes, with the Norway striker ending a mini-drought after going two league games without scoring. He has never gone three Premier League games without a goal since joining City last season. City has 21 points from nine games, one more point than Liverpool.

Persons: Bobby Charlton, Charlton, United’s, reignite, Julian Alvarez, Erling Haaland, Ansu Fati, City's Manuel Akanji, Mohamed Salah, Everton, Ashley Young, Luis Diaz, Liverpool's Ibrahima Konate, Beto, Jurgen Klopp, Michael Keane, Bournemouth's Lewis Cook, Chris Wood, ___ Organizations: Manchester City, Liverpool, Premier League, Arsenal, Sheffield United, City, Everton, Merseyside Derby, Brighton, Wolverhampton, Tottenham, Newcastle, Crystal, Wolves, Brentford, Burnley, Bournemouth, Luton, Nottingham Forest, Fulham Locations: Merseyside, Norway, Liverpool, Brighton

☆ Charlton remembered as Man United beat Sheffield United
▼ + stars: | 2023-10-21 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

Manchester United beat Sheffield United 2-1 to climb to eighth in the Premier League table. "Fantastic, of course we have to say our big goodbye remembering Bobby Charlton because what he did was magnificent," Ten Hag said. CHARLTON NAMEManchester United and Sheffield United players came out in black armbands at Bramall lane after news of the death of Charlton at 86, and fans held up signs and jerseys bearing his name. "It's not only Manchester United who will miss him," said Sheffield manager Paul Heckingbottom. Manchester United plan to have a book of condolence open for fans at their stadium on Sunday.

Persons: Bobby Charlton, Erik ten Hag, Diogo Dalot, Dalot, CHARLTON, Charlton, Harry Maguire, Bramall Lane, Ed Sykes, Sir Bobby, Maguire, He'd, Bruno Fernandes, Sir Bobby Charlton, Hag, Lady Norma, Jack, It's, Paul Heckingbottom, Lori Ewing, Hugh Lawson, Ed Osmond Organizations: SHEFFIELD, Manchester United, . Manchester United, Sheffield United, Premier League, Manchester, Sky Sports, CHARLTON NAME Manchester United, Soccer Football, Charlton, United, Sheffield, Thomson Locations: England, Bramall, Sheffield, Britain, Israel, Gaza, Manchester

☆ Bobby Charlton, England and Man United great, dies at 86
▼ + stars: | 2023-10-21 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

One of the true Greats Sir Bobby Charlton has passed away," Hurst wrote on X. "Today is not just a sad day for Manchester United & England, it's a sad day for football and everything that Sir Bobby represented," said former United and England midfielder David Beckham. Beckham's glittering Manchester United career began after attending a Bobby Charlton Soccer School as a young boy. "A huge loss for his family and for the Manchester United family and for English football, European football," he said. "At Manchester United, you always have to win, but I think he set this standard as a Man United player, what he achieved, he's an example."

Persons: Sir Bobby Charlton, Lee Smith, Bobby Charlton, Charlton, Jack, Busby, Geoff Hurst, Hurst, Alf Ramsey's, it's, Sir Bobby, David Beckham, George Best, Denis Law, Bobby, …, isn't, Beckham, Pep Guardiola, Erik Ten Hag, Gareth Southgate, Rohith Nair, Martyn Herman, Hugh Lawson, Ed Osmond Organizations: Soccer Football, Chelsea, Manchester United, Wembley, Manchester United's, United, Premier League, Old, England, Portugal, West, European, FA, Manchester United & England, Benfica, Bobby Charlton Soccer School, Manchester City, English, Sheffield United, Sunday, Football Association, Charlton, Malta, Thomson Locations: London, Britain, Manchester, Old Trafford, Munich, West Germany, England, United

☆ Fracking Pioneer Cashes in as Twilight Sets in the Shale Patch
▼ + stars: | 2023-10-19 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Scott Sheffield transformed Pioneer Natural Resources from a fledgling outfit into one of the largest oil producers in West Texas and, until recently, put no limits on his ambition to grow. But after two weeks of negotiations, he agreed to sell his company for $60 billion to Exxon Mobil last week, the oil giant he had lapped for years in the Permian Basin.

Persons: Scott Sheffield Organizations: Natural Resources, Exxon Mobil Locations: West Texas

After college, Sheffield worked for Amoco Corp and later joined his father-in-law's oil company and became CEO five years later. That company would become Pioneer Natural Resources. On his return, he made Permian oil its sole focus: putting natural gas processing, oilfield services and South Texas shale assets on the block. He also embraced an emerging philosophy that emphasized shareholder returns over rapid production gains, rejecting a plan to more than quadruple Pioneer's oil production by 2026. Two of Sheffield's most significant insights were the major role technology would play in reshaping U.S. oil production and the recognition that big oil companies would eventually control the Permian, he said.

Persons: Scott Sheffield, Eduardo Munoz, Texas oilman Scott Sheffield, Dan Pickering, Sheffield's, Bryan Sheffield, Scott, Boone, Daniel Yergin, Sheffield, Darren Woods, he's, Doug Sheridan, He's, Bruce Vincent, Bryan, Arathy Somasekhar, Gary McWilliams, Marguerita Choy Organizations: Natural Resources Company, REUTERS, Rights, Natural Resources, Sheffield, Exxon Mobil, Pickering Energy Partners, SCHOOL Oil, Atlantic Richfield Co, Tehran school's American, Formentera Partners, Amoco Corp, Energy, Exxon, DoublePoint Energy, EnergyPoint Research, Swift Energy, Thomson Locations: New York, Texas, U.S, TEHRAN, Atlantic Richfield, Iran, Tehran, West Texas, Boone Pickens, South Texas, Sheffield, Houston

☆ Oasis frontman Liam Gallagher announces ‘Definitely Maybe’ tour
▼ + stars: | 2023-10-16 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Oasis singer Liam Gallagher has announced a small 2024 tour called the “Definitely Maybe 30 Years Tour,” in which he will play the former band’s debut album, “Definitely Maybe.”Gallagher took to Instagram with the announcement, calling the album “the most important album of the ’90s,” adding that he is “bouncing around the house” in anticipation. Gallagher said that he wouldn’t be where he is today without the success of the 1994 album, which made Oasis superstars. It will mark the first time Gallagher has performed “Definitely Maybe” in full since Oasis split in 2009. One person commented that he wanted Noel Gallagher to join the tour, writing, “Bring Noel out brother.”In this January 1994 photo, Noel and Liam Gallagher, center pose with other Oasis band members Tony McCarroll, Paul Arthurs and Paul McGuigan in the Netherlands. Michel Linssen/Redferns/Getty ImagesCo-founding Oasis member Paul Arthurs will join Gallagher.

Persons: CNN —, Liam Gallagher, ” Gallagher, Gallagher, “ Let’s, ”, Noel Gallagher, “, Noel, Tony McCarroll, Paul Arthurs, Paul McGuigan, Michel Linssen Organizations: CNN, Oasis, Getty, Ticketmaster Locations: Netherlands, Sheffield, Cardiff, London, Glasgow, Dublin, Manchester

ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 6, 2023. After brief informal conversations earlier this year, Exxon approached Pioneer about a deal last month, the sources said. Exxon's shares were hovering near record highs, and it had a cash pile of about $30 billion. Woods had already capitalized on elevated energy prices to streamline Exxon's operations and focus on highly profitable oil and gas production. This allowed Exxon to enter the deal negotiations with its stock coveted by investors as a valuable currency.

Persons: Dado Ruvic, Darren Woods, Scott Sheffield, Woods, Darren, Sheffield, Scott, Sabrina Valle, David French, Anirban Sen, Sonali Paul Organizations: ExxonMobil, Pioneer, REUTERS, HOUSTON, Exxon Mobil Corp's, Natural Resources, Exxon, Sheffield, Thomson Locations: Guyana, Sheffield, Houston, New York

The deal, valued at $253 a share, would be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998, years before the shale boom began. It combines the largest U.S. oil company with one of the most successful names to emerge from the shale revolution that turned the country into the world's largest oil producer in little more than a decade. Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. "The combination of ExxonMobil and Pioneer creates a diversified energy company with the largest footprint of high-return wells in the Permian Basin," said Pioneer CEO Scott Sheffield. Under Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.

Persons: Darren Woods, ” Woods, Scott Sheffield, Shubhendu, Anirban Sen, Sabrina Valle, Gary McWilliams, Rashmi Aich, Jamie Freed, Sriraj Organizations: Exxon Mobil, Natural Resources, Mobil Oil, Exxon, Reuters, Pioneer, RBC Capital Markets, ExxonMobil, DoublePoint Energy, Parsley Energy, BG Group, Denbury, Shubhendu Deshmukh, Thomson Locations: HOUSTON, Ukraine, U.S, Sheffield, Bengaluru, New York, Houston

ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. Pioneer shares closed at $237.41 on Tuesday, having risen 11% since the first reports of a deal surfaced last Thursday. Exxon declined to comment on "market speculation," while Pioneer did not immediately respond to a request for comment. It is the third-largest oil producer in the Permian basin, after Chevron Corp (CVX.N) and ConocoPhillips (COP.N), with rock-bottom production costs averaging about $10.50 per barrel of oil and gas. Under CEO Scott Sheffield, the oil producer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.

Persons: Dado Ruvic, Darren Woods, Scott Sheffield, Exxon's, Shubhendu, Anirban Sen, Sabrina Valle, Gary McWilliams, Rashmi Aich, Jamie Freed Organizations: ExxonMobil, Pioneer, REUTERS, Exxon Mobil, Natural Resources, Exxon, Mobil Oil, Antitrust, Reuters, Exxon socked, Chevron Corp, ConocoPhillips, DoublePoint Energy, Parsley Energy, BG Group, Bloomberg News, Denbury Inc, Denbury, Shubhendu Deshmukh, Thomson Locations: HOUSTON, Ukraine, U.S, Bengaluru, New York, Houston

☆ Watch CNBC's full interview with Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren WoodsPioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods join 'Squawk Box' to discuss Exxon Mobil's deal to acquire Pioneer Natural Resources, an all-stock merger valued at $59.5 billion or $253 a share, how the deal came about, potential regulatory hurdles, and more.

Persons: Scott Sheffield, Darren Woods Organizations: Natural Resources, Exxon Mobil, Exxon

☆ Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger
▼ + stars: | 2023-10-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Pioneer shares were up nearly 2% in premarket trading, while Exxon was down more 2%. As part of the agreement, Pioneer stockholders will receive 2.3234 shares of Exxon for every Pioneer share they own. Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Since then, Pioneer shares are up more than 10%. Exxon shares have also struggled in 2023, climbing modestly.

Persons: Darren Woods, Woods, Scott Sheffield Organizations: Exxon, Exxon's, Mobil, Exxon Mobil, Natural Resources, Pioneer, Street

☆ Jim Cramer says it's time to move on from Pioneer after $60 billion Exxon deal announcement
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

Jim Cramer's Charitable Trust owns 300 shares of Pioneer, at an average price of $230.14 apiece. Club rules prevent the Trust from trading any stock Jim mentions on CNBC television for the three subsequent trading sessions. Pioneer shares climbed 1%, to just roughly $240 each, shortly after the opening bell Wednesday. Exxon CEO Darren Woods told CNBC on Wednesday he doesn't foresee "any regulatory issues" complicating its acquisition of Pioneer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jim Cramer's, Brent, Darren Woods, Woods, Scott Sheffield —, —, Scott Sheffield, Daniel Kramer Organizations: Natural Resources, Exxon Mobil, Street Journal, Exxon, Club, Jim Cramer's Charitable Trust, CNBC, Brent, Hamas, Texas, CNBC Wednesday, Sheffield, Pioneer Resources, IHS Locations: Israel, Houston , Texas

☆ Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion. Here's what the pros have to say
▼ + stars: | 2023-10-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Exxon Mobil from investors and analysts. The pros, including Jim Cramer , discussed the massive U.S. oil and gas producer after the company agreed to buy its shale rival Pioneer Natural Resources in an all-stock deal for $59.5 billion. Scott Sheffield, CEO of Pioneer Natural Resources, and Exxon Mobil CEO Darren Woods both joined CNBC on Wednesday morning to talk about the merger and what to expect next year after its completion. Exxon Mobil stock dipped 3.6% Wednesday. Pioneer is held in Cramer's Charitable Trust portfolio.

Persons: Jim Cramer, Scott Sheffield, Darren Woods Organizations: Exxon Mobil, Natural Resources, Pioneer Natural Resources, CNBC, Trust

☆ Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
▼ + stars: | 2023-10-11 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between Hamas and Israel. "If Iran enters the war, we're going to see much higher oil prices, obviously," Sheffield said Wednesday on CNBC's "Squawk Box." Iran is a major oil producer and key backer of Hamas, the Palestinian militant group designated by the U.S. as a terrorist organization. Brent crude traded slightly lower to $86.93 a barrel Wednesday, while U.S. West Texas Intermediate (WTI) crude fell by 78 cents, or 0.91%, to $85.19. Brent and WTI had surged more than $3.50 on Monday on concern that the clash between Israel and Hamas could escalate into a broader conflict.

Persons: Scott Sheffield, Sheffield, Brent, WTI Organizations: Natural Resources, U.S, West Texas Locations: Iran, Israel, Palestinian, Saudi Arabia, Russia

☆ Exxon buying Pioneer will trigger $71 million in executive windfalls
▼ + stars: | 2023-10-11 | by ( David French | ) www.reuters.com time to read: +4 min

Sheffield is one of the few Pioneer executives who will have a post-deal role - he is set to join Exxon's board. Changes to pay packages that make executive compensation more lucrative in proximity to a sale announcement can also raise eyebrows. The expected payouts do not count whatever Pioneer stock management owns and will be acquired as part of the Exxon deal. Exxon's acquisition of Pioneer will be paid for using new Exxon shares, meaning shares in Pioneer owned by management will be replaced by Exxon stock. It was unclear whether management would have any restrictions on when they could sell the Exxon stock they would ultimately own.

Persons: Scott Sheffield, Eduardo Munoz, Richard Dealy, Bart Brookman, Chris Kendall, Denbury, David French, Gary McWilliams, Anna Driver Organizations: Natural Resources Company, REUTERS, Natural Resources, Exxon Mobil, Sheffield, Pioneer, Reuters, Exxon, Kimmeridge Energy Management, PDC Energy, Chevron, Thomson Locations: New York, U.S, America, Houston

☆ Exxon Mobil CEO Darren Woods on Pioneer deal: Brings higher recovery at lower costs
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Pioneer deal: Brings higher recovery at lower costsPioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods join 'Squawk Box' to discuss Exxon Mobil's deal to acquire Pioneer Natural Resources, an all-stock merger valued at $59.5 billion or $253 a share, how the deal came about, potential regulatory hurdles, and more.

Persons: Darren Woods, Scott Sheffield Organizations: Exxon Mobil, Natural Resources, Exxon

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion. Exxon Mobil Corp. has been using some of that cash on acquisitions. In July the company announced that it was buying pipeline operator Denbury in an all-stock deal valued at $4.9 billion. In 2020 the company said it was buying Parsley Energy in an all-stock deal valued at approximately $4.5 billion.

Persons: Darren Woods, Scott Sheffield, Citi's Alastair Syme, Syme Organizations: Exxon Mobil, Natural Resources, Mobil, Exxon, XTO Energy, U.S . Energy Information Administration, Midland Basin, ExxonMobil, Pioneer, “, Exxon Mobil Corp, Parsley Energy, DoublePoint Energy Locations: West Texas, Texas, New Mexico, Delaware, Midland, U.S

Gabriel Martinelli's late goal handed Arsenal a 1-0 win over defending champion Manchester City on Sunday, ending a 12-game losing streak in the league against Pep Guardiola's team in the process. City pipped Arsenal to the title by five points last term, in part by beating the Gunners 3-1 away and 4-1 at home. In fact, Arsenal had not taken a point against City in the league since 2017, its longest losing streak against a single opponent in club history. City as a team only had four shots in the game, its lowest total ever under Guardiola in a Premier League game. Newcastle was denied a fifth straight win in all competitions, including an 8-0 victory over Sheffield United in the league.

Persons: Gabriel Martinelli's, Pep Guardiola's, Mikel Arteta's, Martinelli, hadn't, Erling Haaland, Guardiola, ” Guardiola, Bukayo Saka, Thomas Partey, Takehiro Tomiyasu, Kai Havertz, Martinelli —, Partey, Nathan Ake's, City's, Arteta, Virgil van Dijk, Alexis Mac Allister, Lewis Dunk, Mohamed Salah, Van Dijk, Mac Allister, Simon Adingra, Alisson Becker, ”, Klopp, Alexander Isak, Germain, Mohammed Kudus, Isak, Tomas Soucek, Wolverhampton . Pau Torres, Hwang, Hee Chan, ___ Organizations: Emirates, Premier League, Arsenal, Manchester City, Tottenham, City, City pipped Arsenal, Gunners, Wembley, Rodri, Wolves, Bukayo, LIVERPOOL, Liverpool, Brighton, NEWCASTLE, WEST HAM, Paris Saint, Champions League, Man, English League, Newcastle, West, Sheffield United, Aston Villa, Premier League’s, Wolverhampton . Pau, Villa Locations: City pipped, City, Liverpool, West Ham

☆ For U.S. investors seeking an edge in European soccer, the cheaper the better
▼ + stars: | 2023-10-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

This comes as deep-pocketed investors — from top U.S. private equity and venture capital firms to global rivals like sovereign wealth funds — have intensified competition. Meanwhile, more than one-third of the clubs in the so-called "Big Five" leagues in Europe are backed by U.S. investors, including private equity and venture capital firms. "These recent transactions have set a precedent in terms of club valuation but also prompted many owners to consider selling to [private equity]," according to an analyst report from PitchBook. Some firms, like Sixth Street Partners, have found different outlets into taking a stake in European soccer, particularly in Spain's LaLiga. The shift is happening as soccer clubs have been looking for fresh capital following the distress stemming from the earlier days of the Covid pandemic.

Persons: Liverpool's Curtis Jones, Charles Baker, PitchBook, Todd Boehly, English Premier League's, Elliott Management's, Lionel Messi Organizations: Premier League, King Power, U.S, Manchester United, Chelsea FC, Newcastle, Clearlake Capital, English Premier, English Premier League's Chelsea, Redbird Capital Partners, Italy's AC Milan, Sixth Street Partners, FC Barcelona, Fenway Sports Group, Liverpool FC, Dynasty Equity, English Premier League, Sheffield United Locations: Leicester, European, U.S, Europe, PitchBook, LaLiga, Spanish, Real Madrid's

☆ McTominay rescues Man United as Tottenham go top
▼ + stars: | 2023-10-07 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

BURNLEY, England, Oct 7 (Reuters) - Manchester United needed two stoppage-time goals from Scott McTominay to secure a dramatic 2-1 win over Brentford as Tottenham Hotspur went top of the Premier League with a 1-0 victory at Luton Town on Saturday. Boos rang around Old Trafford at halftime as United went into the break trailing Brentford, staring down the barrel of a seventh defeat this season in all competitions. Substitute McTominay rattled home the equaliser after a goalmouth scramble in the 93rd minute and he was not done yet. Trailing with 92:46 on the clock, this was the latest United had been behind in a Premier League game in which they came back to win. Spurs have registered 20 points from their opening eight Premier League games this season and only in 1960-61 have they done so in fewer matches to begin a top-flight campaign.

Persons: Scott McTominay, Casemiro, Victor Lindelof, Mathias Jensen, Andre Onana, Onana, McTominay, Yves Bissouma, Micky van de Ven, James Maddison, Ange Postecoglou, Wilson Odobert, Ameen Al Dakhil, Cole Palmer, Raheem Sterling, Nicolas Jackson, James Garner, Jack Harrison, Abdoulaye Doucoure, Sean Dyche's, Peter Hall, Toby Davis, Ed Osmond Organizations: BURNLEY, Manchester United, Brentford, Tottenham Hotspur, Premier League, Luton Town, Chelsea, Burnley, Turf Moor, Everton, Bournemouth, TOTTENHAM, Manchester City, Arsenal, Tottenham, Luton, Spurs, Goodison, Sheffield United, Fulham, Crystal, Nottingham Forest, Selhurst, Thomson Locations: England, Old Trafford, Luton, Dutch, City

MANCHESTER, England (AP) — There was relief, at last, for Erik ten Hag and Manchester United after a late 2-1 comeback win against Brentford on Saturday. “It has to be a turning point, but also a restart because we have to get into higher levels," the United manager said. “The spirit is good, the belief is good and the team is together. Prior to the midfielder's late interventions, United was on course for a seventh loss of a season that was threatening to unravel. And afterwards he reminded his underperforming team of the expectations that come with playing for United.

Persons: Erik ten Hag, Scott McTominay, United, Casemiro, Mathias Jensen's, Andre Onana, ”, Thomas Frank, “, Erik, Yves Bissouma's, James Maddison, Harry Kane, Micky van de Ven’s, Mauricio Pochettino, Raheem Sterling, Cole Palmer, Sterling, Gareth Southgate, Palmer, Sean Dyche, Andoni Iraola, haven’t, I’m, ___ James Robson Organizations: Manchester United, Brentford, Brighton, Crystal Palace, Galatasaray, League, Real Madrid, United, “, Premier League, SPURS, Ange, Tottenham, Luton, Spurs, Celtic, CHELSEA, Chelsea, Burnley couldn't, Turf, Three Lions, Manchester City, EVERTON WINS Everton, Bournemouth, Merseyside club's, Rayo Vallecano, Sheffield United, Fulham, Blades, Nottingham Forest Locations: MANCHESTER, England, Old Trafford, Crystal, Australia, Spanish

☆ What Wall St, policymakers have to say on potential Exxon-Pioneer deal
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. Following are the comments on the likely deal. BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion . I mean there's no question the position of that magnitude or size would give them considerable leverage in negotiating or contracts with the service providers."

Persons: Lucas Jackson, BILL SMEAD, PETER MCNALLY, Scott Sheffield, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, RBC, RHODE, Exxon, Thomson Locations: New York, United States, Bengaluru, Houston

[1/2] The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. The acquisition would be Exxon's biggest since its $81 billion deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the U.S. oil patch. Pioneer, which had a market value as of Thursday of $50 billion, is the third-largest producer of oil in the Permian basin after Chevron Corp (CVX.N) and ConocoPhillips (COP.N). Exxon produced about 620,000 boed in the Permian basin in the second quarter, a record for the company. Chevron Corp (CVX.N), for example, agreed in May to acquire shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 billion.

Persons: Angus Mordant, Bill Smead, Exxon, Scott Sheffield, Richard Dealy, David French, Anirban Sen, Sabrina Valle, Greg Roumeliotis, Lincoln, Kim Coghill Organizations: REUTERS, Exxon Mobil, Natural Resources, Mobil, Chevron Corp, ConocoPhillips, Exxon, Pioneer, Street Journal, Smead Capital Management, Energy Inc, DoublePoint Energy, Parsley Energy, Thomson Locations: Loving County , Texas, U.S, Texas, New Mexico, Ukraine, dealmaking, Dallas, New York, Houston

[1/2] The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. The acquisition would be Exxon's biggest since its $81 billion deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the U.S. oil patch. Pioneer, which had a market value as of Thursday of $50 billion, is the third-largest producer of oil in the Permian basin after Chevron Corp (CVX.N) and ConocoPhillips (COP.N). If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, the three sources said, asking not to be identified because the matter is confidential. Exxon produced about 620,000 boed in the Permian basin in the second quarter, a record for the company.

☆ Exxon-Pioneer deal talks: What Wall St, policymakers have to say
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. It would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. MATTHEW BERNSTEIN, SENIOR SHALE ANALYST, RYSTAD ENERGY"If Exxon Mobil is crowned the undisputed king of the Permian in the coming days, the shale sector will fundamentally become a more mature consolidated business." "A deal the size of Exxon Mobil's potential acquisition of Pioneer, however, could usher in a new 'Shale 4.0' era ... BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion .

Persons: Lucas Jackson, MATTHEW BERNSTEIN, MARK VIVIANO, Scott Sheffield, BILL SMEAD, PETER MCNALLY, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, David French, Sriraj Kalluvila, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, Exxon, RBC, RHODE, Thomson Locations: New York, United States, Bengaluru, Houston

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