ExxonMobil will double its presence in the shale-rich Permian oil basin in Texas with a $6.6bn (£5.32bn) deal to buy a string of family-owned oil companies.
Exxon Mobil Corp. is the latest company to expand in Texas’ red-hot Permian basin, announcing a deal Tuesday to buy companies owned by the Bass family for $5.6 billion in stock and up to $1 billion in additional payments.
ExxonMobil expands Permian Basin footprint in deal worth $6.6 billion
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