ExxonMobil Corporation (XOM) and Pioneer Natural Resources (PXD) have struck a deal that would make the combined company the biggest producer in the Permian Basin. The firms jointly announced on Wednesday ExxonMobil will acquire Pioneer, a major producer in the Permian, in an all-stock transaction valued at $59.5 billion expected to close in the first [...] The post ExxonMobil to Buy Permian Producer Pioneer for $60 Billion appeared first on ETF Trends .