New CEO Takes Charge at Pioneer Natural Resources
Scott D. Sheffield retired as CEO on December 31, 2023.
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Scott D. Sheffield retired as CEO on December 31, 2023.
Rich Dealy steps into the Pioneer Natural Resources CEO role as the Permian Basin pure-play integrates operations with Exxon Mobil in a $60 billion merger.
The change will be effective on January 1, 2024.
ExxonMobil has made no secret of its intention to grow Permian production, and the rumors that it's discussing a potential takeover of Pioneer Natural Resources make sense
The upstream sector may be ripe for a new round of consolidation within three to five years after a number of large corporate mergers in late 2020 and earlier this year, because many E&P operators remain highly leveraged, a prominent oil company CEO said. Even though oil prices climbed above $70/b this year from the ...