Exxon CEO's Quest for Mega Deal Is a Bet on Oil's Staying Power

Contributing sentiments towards policy:

60% : Exxon has been one of the best performing energy stocks coming out of the pandemic as demand for oil and gas surged, then got an additional boost from Russia's invasion of Ukraine.
56% : In the years that followed, it turned out the real money in shale was in oil -- such as that in the Permian Basin -- not gas.
54% : Most Read from BloombergExxon's talks to buy Pioneer Natural Resources Co., a US rival with a market value of $55 billion, represent a strategic bet underpinned by Woods's belief that oil and gas will be central to the world's energy mix for decades to come, whatever path the transition to a lower-carbon future takes.
51% : It would form a shale-focused giant producing nearly 4.5 million barrels of oil equivalent a day -- 50% more than the next biggest supermajor -- at a time when the world is still seeking ways to slash greenhouse gases.

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