Exxon Mobil announced a USD 59.5 billion all-stock merger with Pioneer Natural Resources, a major U.S. fracking operator. This deal creates a colossal player in the Permian Basin, doubling Exxon Mobil's footprint and significantly boosting its upstream production. However, the merger is currently under review by the Federal Trade Commission due to potential antitrust concerns.
Exxon Mobil acquired Denbury Inc., a leading carbon dioxide transporter and utilizer, for USD 4.9 billion in an all-stock deal. This acquisition strengthens Exxon Mobil's carbon capture and storage (CCS) capabilities, aligning with its long-term climate strategy.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5552
Published Date: Jan 22, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for pharmaceutical sector is the major factor driving the market growth.
The market size of guerbet alcohol is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.
The major players in the market Sasol Limited, Exxon Mobil Corporation, Croda International Plc, Procter & Gamble Co., Royal Dutch Shell plc, Clariant AG, and others.
The pharmaceuticals segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.