pioneer natural resources co.
Feb 22, 2024, 4:00 PM EDT
The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both firms having announced recent deals.
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.
The Federal Trade Commission is investigating ExxonMobil's planned acquisition of Pioneer Natural Resources over potential violations of federal antitrust law.
The House Energy and Natural Resources Committee will hear testimony Wednesday from six energy executives.