ExxonMobil is reportedly planning to snap up Permian shale basin operator Pioneer Natural Resources for $60bn, with talks already in advanced stages. During the second quarter of the year, the company had an average oil production of 369 thousand barrels of oil per day and its total production during the period averaged 711 thousand barrels per day. ExxonMobil recently signed an all-stock deal worth $4.9bn to acquire Denbury, a US-based firm with operations and assets centred on carbon capture, utilisation, and storage solutions and enhanced oil recovery (EOR). Subject to regulatory approvals and other conditions, the deal is expected to close in Q4 2023.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
