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Exxon buying Pioneer will trigger $71 million in executive windfalls

By David French NEW YORK (Reuters) -Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to Exxon ...

United-states , New-york , Houston , Texas , America , Gary-mcwilliams , Bart-brookman , Chris-kendall , Scott-sheffield , Richard-dealy , David-french , Reuters

stock names: Exxon Mobil: Pioneer's mega-sale to Exxon will trigger $71 mln in exec windfalls

Known as golden parachutes, such payments are commonplace in corporate America and are intended to incentivize management to sell a company even if it means ending their own employment.

United-states , America , Chris-kendall , Bart-brookman , Scott-sheffield , Richard-dealy , Exxon-mobil , Exxon , Chevron , Reuters , Kimmeridge-energy-management , Pioneer-natural-resources

Pioneer's mega-sale to Exxon will trigger $71 mln in exec windfalls

Senior management at
Pioneer Natural Resources will likely be out of a job
once the company's $60 billion sale to Exxon Mobil is
completed, but the top brass will walk away with bumper payouts
which...

United-states , Houston , Texas , New-york , America , Scott-sheffield , David-french , Richard-dealy , Bart-brookman , Gary-mcwilliams , Chris-kendall , Exxon

Pioneer's mega-sale to Exxon will trigger $71 million in exec windfalls

Pioneer's mega-sale to Exxon will trigger $71 million in exec windfalls
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Pioneer's mega-sale to Exxon will trigger $71 million in exec windfalls | WSAU News/Talk 550 AM · 99.9 FM

By David French NEW YORK (Reuters) - Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to...

Houston , Texas , United-states , New-york , America , Scott-sheffield , Chris-kendall , Gary-mcwilliams , David-french , Bart-brookman , Richard-dealy , Chevron

Pioneer's mega-sale to Exxon will trigger $71 million in exec windfalls

NEW YORK (Reuters) -Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to Exxon Mobil is completed, but the top brass will walk away with bumper payouts which were sweetened further earlier this year. The top five executives at the U.S. shale operator are set to share $71 million in severance payouts, with Chief Executive Scott Sheffield on track to receive around $29 million, a review of regulatory filings and Reuters calculations show. The award to Sheffield, who helped found the shale producer over two decades ago and was slated to retire at the end of 2023, represents a sum worth three times his base salary as well as all his pending equity awards for performance.

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The CO government recognizes CleanConnect.ai for building the first AI to pass the Turing test for emissions reduction

The CO government recognizes CleanConnect.ai for building the first AI to pass the Turing test for emissions reduction
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

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Chevron ups Permian Basin presence in $7.6 billion oil and gas deal

Chevron announced the deal that saw it buy Denver-based PDC Energy, acquiring acreage in the Permian, which spans southeast New Mexico and West Texas.

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