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Exxon's Pioneer Acquisition: Energy Supergiant Formed
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Exxon's $60 billion acquisition of Pioneer in the Permian Basin to make it the leading energy producer, aiming at 2 million barrels/day by 2027. FTC approval expected despite concerns over energy prices. CEO pledges emissions reduction to net zero by 2035.
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How might Exxon's increased production impact global oil and gas markets?
What regulatory challenges might Exxon face post-acquisition?
What strategies could Exxon implement to achieve net-zero emissions by 2035?
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