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Exxonmobil is close to acquiring Pioneer in a deal worth as much as $60 billion

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The acquisition would give Exxon a dominant position in the oil-rich Permian Basin in West Texas and New Mexico.
Exxon Mobil Corp. (XOM) is nearing a deal to buy Pioneer Natural Resources (PXD) in a massive acquisition that could be valued at around $60 billion.
If there are no last-minute snags in the talks, a deal could be struck in the next few days, people familiar with the matter said.
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