Pioneer Natural Resources said Feb. 7 that shareholders have voted in favor of its pending merger with Exxon Mobil Corp. at a special meeting.
Pioneer will file the vote results of the special shareholder meeting with the U.S. Securities and Exchange Commission.
Pioneer and Exxon continue to work constructively with the Federal Trade Commission in its review of the merger, the company said in a press release.
Pioneer expects that the merger will be completed in the second quarter of 2024.
RELATED
As Chesapeake, Southwestern Ink $7.4B Deal, D.C. Gasses Up for More Scrutiny
Recommended Reading
Gas Prices in a Summer of Discontent
2024-05-14 - In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?
Exclusive: Can NatGas Save the 'Fragile' Electric Grid?
2024-02-28 - John Harpole, the founder and president of Mercator Energy, says he is concerned about meeting peak electric demand and if investors will hesitate on making LNG export facilities investment decisions after the Biden administration's recent LNG pause, in this Hart Energy LIVE Exclusive interview.
Dispatch from the LNG Front: Development Not ‘Paused’ so much as Slowed
2024-04-04 - Analysts: Low prices may stall upcoming gas gathering projects that are needed for an expected boom.
Exclusive: Despite Uncertainty, NatGas Balances Out
2024-03-04 - McKinsey and Co.'s Luciano Di Fiori says the natural gas market is capable of balancing itself out—despite LNG permit approval pauses, midstream constraints and dependence on oil production—in this Hart Energy LIVE Exclusive interview with Editorial Director Jordan Blum.
Darbonne: Brownsville, We Have LNG Liftoff
2024-04-02 - The world’s attention is on the far south Texas Gulf Coast, watching Starship liftoffs while waiting for new and secure LNG supply.