Pioneer Natural Resources Rises 8% As Talks Are Afoot For Exxon Mobil To Acquire It

Shares of Pioneer Natural Resources Company (PXD) are rising more than 8% Friday morning at $234.13.

The oil giant Exxon Mobil is reportedly in advanced talks to buy the company in a transaction valued about $60 billion.

PXD has traded in the range of $177.27 – $274.70 in the last 1 year.

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