Summary by Futu AI
Exxon Mobil Corporation has completed the acquisition of Pioneer Natural Resources Company, as reported in a Form 3 filing with the SEC dated May 3, 2024. The acquisition was finalized pursuant to an Agreement and Plan of Merger dated October 10, 2023. As a result of the merger, Pioneer Natural Resources Pumping Services LLC, previously a wholly owned subsidiary of Pioneer, has become an indirect wholly owned subsidiary of Exxon Mobil. Consequently, Exxon Mobil has become an indirect beneficial owner of 16,600,000 shares of common stock in ProPetro Holding Corp. [PUMP]. The filing was signed by Exxon Mobil's Vice President, Liam M. Mallon, on May 3, 2024.