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2023-10-11
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Exxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock
Liquid gold
2023-05-30
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Nvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet
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gold","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138838376253972","authorIdStr":"4138838376253972"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229357791866888","repostId":"1130439283","repostType":2,"repost":{"id":"1130439283","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1697021053,"share":"https://ttm.financial/m/news/1130439283?lang=&edition=fundamental","pubTime":"2023-10-11 18:44","market":"us","language":"en","title":"Exxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1130439283","media":"Reuters","summary":"Exxon Mobil said Wednesday it agreed to acquire Pioneer Natural Resources in an all-stock transaction valued at $59.5B, or $253/share, based on Exxon's closing price on October 5.Under the deal terms, Pioneer shareholders will receive 2.3234 Exxon shares for each Pioneer share at closing.The implied total enterprise value of the transaction, including net debt, is ~$64.5B.","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil </a> said on Wednesday it would buy U.S. rival <a href=\"https://laohu8.com/S/PXD\">Pioneer Natural Resources </a> in an all-stock deal valued at $59.5 billion that puts it atop the largest U.S. oilfield and secures a decade of low-cost production.</p><p style=\"text-align: start;\">Exxon has offered $253 per share for Pioneer. Pioneer shares, which closed at $237.41 on Tuesday, were up 1.1% at $239.98 in premarket trading. Exxon shares were flat.</p><p style=\"text-align: start;\">A deal will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998 and the largest acquisition this year.</p><p>The deal value implies a 6.57% premium as per Pioneer's last close, according to Reuters' calculations.</p><p style=\"text-align: start;\">The deal will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure.</p><p style=\"text-align: start;\">Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. 5 spot at 6%, according to RBC Capital Markets analysts.</p><p>Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. This is because they could argue that together they will account for a small fraction of a vast global market for oil and gas.</p><p style=\"text-align: start;\">The deal comes after Exxon has pulled itself from deep losses and huge debts in the last two years by slashing costs, selling dozens of assets and benefiting from high energy prices spurred by Russia's invasion of Ukraine.</p><p>Chief Executive Darren Woods has rebuffed investor and political pressure to shift strategies and embrace renewable energy as European oil majors have done. He faced heavy criticism for sticking to a heavy oil-dependent strategy as climate concerns became more pressing.</p><p style=\"text-align: start;\">The decision paid off when the company last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic.</p><p style=\"text-align: start;\">Exxon socked away some of the huge profits from the oil-price run up, putting aside some $30 billion in cash in anticipation of deals, according to analysts.</p><p style=\"text-align: start;\">Pioneer has been one of the most successful oil companies to emerge from the shale revolution, which turned the U.S. from a major oil importer into the world's largest producer in little more than a decade.</p><p style=\"text-align: start;\">Permian Basin is highly valued by the U.S. energy industry because of its relatively low cost to extract oil and gas, with rock-bottom production costs averaging about $10.50 per barrel.</p><p style=\"text-align: start;\">Under CEO Scott Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.</p><p style=\"text-align: start;\">Exxon's purchase would outrank oil major Shell's (SHEL.L) $53 billion acquisition of BG Group in 2016, which put it atop the global liquefied natural gas market.</p><p style=\"text-align: start;\">In July, Exxon agreed to a $4.9 billion all-stock deal for Denbury, a small U.S. oil firm with a network of carbon dioxide pipelines and underground storage. That acquisition was intended to bolster Exxon's nascent low-carbon business.</p><p style=\"text-align: start;\">The largest U.S. oil producer originally made an all-cash bid for Denbury, and at the last minute switched to all stock, reflecting both the target's move up in market value during the talks and investors wanting to take part in any upside in Exxon's stock.</p><p style=\"text-align: start;\">The oil giant's share price has recovered strongly since its early 2020 tumble to about $30 as oil and gas prices collapsed. Exxon shares recently hit an all-time high of $120 per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-10-11 18:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil </a> said on Wednesday it would buy U.S. rival <a href=\"https://laohu8.com/S/PXD\">Pioneer Natural Resources </a> in an all-stock deal valued at $59.5 billion that puts it atop the largest U.S. oilfield and secures a decade of low-cost production.</p><p style=\"text-align: start;\">Exxon has offered $253 per share for Pioneer. Pioneer shares, which closed at $237.41 on Tuesday, were up 1.1% at $239.98 in premarket trading. Exxon shares were flat.</p><p style=\"text-align: start;\">A deal will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998 and the largest acquisition this year.</p><p>The deal value implies a 6.57% premium as per Pioneer's last close, according to Reuters' calculations.</p><p style=\"text-align: start;\">The deal will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure.</p><p style=\"text-align: start;\">Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. 5 spot at 6%, according to RBC Capital Markets analysts.</p><p>Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. This is because they could argue that together they will account for a small fraction of a vast global market for oil and gas.</p><p style=\"text-align: start;\">The deal comes after Exxon has pulled itself from deep losses and huge debts in the last two years by slashing costs, selling dozens of assets and benefiting from high energy prices spurred by Russia's invasion of Ukraine.</p><p>Chief Executive Darren Woods has rebuffed investor and political pressure to shift strategies and embrace renewable energy as European oil majors have done. He faced heavy criticism for sticking to a heavy oil-dependent strategy as climate concerns became more pressing.</p><p style=\"text-align: start;\">The decision paid off when the company last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic.</p><p style=\"text-align: start;\">Exxon socked away some of the huge profits from the oil-price run up, putting aside some $30 billion in cash in anticipation of deals, according to analysts.</p><p style=\"text-align: start;\">Pioneer has been one of the most successful oil companies to emerge from the shale revolution, which turned the U.S. from a major oil importer into the world's largest producer in little more than a decade.</p><p style=\"text-align: start;\">Permian Basin is highly valued by the U.S. energy industry because of its relatively low cost to extract oil and gas, with rock-bottom production costs averaging about $10.50 per barrel.</p><p style=\"text-align: start;\">Under CEO Scott Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.</p><p style=\"text-align: start;\">Exxon's purchase would outrank oil major Shell's (SHEL.L) $53 billion acquisition of BG Group in 2016, which put it atop the global liquefied natural gas market.</p><p style=\"text-align: start;\">In July, Exxon agreed to a $4.9 billion all-stock deal for Denbury, a small U.S. oil firm with a network of carbon dioxide pipelines and underground storage. That acquisition was intended to bolster Exxon's nascent low-carbon business.</p><p style=\"text-align: start;\">The largest U.S. oil producer originally made an all-cash bid for Denbury, and at the last minute switched to all stock, reflecting both the target's move up in market value during the talks and investors wanting to take part in any upside in Exxon's stock.</p><p style=\"text-align: start;\">The oil giant's share price has recovered strongly since its early 2020 tumble to about $30 as oil and gas prices collapsed. Exxon shares recently hit an all-time high of $120 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PXD":"先锋自然资源","XOM":"埃克森美孚"},"source_url":"https://seekingalpha.com/news/4019617-exxon-confirms-deal-to-buy-pioneer-natural-resources-for-60b-in-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130439283","content_text":"(Reuters) - Exxon Mobil said on Wednesday it would buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that puts it atop the largest U.S. oilfield and secures a decade of low-cost production.Exxon has offered $253 per share for Pioneer. Pioneer shares, which closed at $237.41 on Tuesday, were up 1.1% at $239.98 in premarket trading. Exxon shares were flat.A deal will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998 and the largest acquisition this year.The deal value implies a 6.57% premium as per Pioneer's last close, according to Reuters' calculations.The deal will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure.Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. 5 spot at 6%, according to RBC Capital Markets analysts.Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. This is because they could argue that together they will account for a small fraction of a vast global market for oil and gas.The deal comes after Exxon has pulled itself from deep losses and huge debts in the last two years by slashing costs, selling dozens of assets and benefiting from high energy prices spurred by Russia's invasion of Ukraine.Chief Executive Darren Woods has rebuffed investor and political pressure to shift strategies and embrace renewable energy as European oil majors have done. He faced heavy criticism for sticking to a heavy oil-dependent strategy as climate concerns became more pressing.The decision paid off when the company last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic.Exxon socked away some of the huge profits from the oil-price run up, putting aside some $30 billion in cash in anticipation of deals, according to analysts.Pioneer has been one of the most successful oil companies to emerge from the shale revolution, which turned the U.S. from a major oil importer into the world's largest producer in little more than a decade.Permian Basin is highly valued by the U.S. energy industry because of its relatively low cost to extract oil and gas, with rock-bottom production costs averaging about $10.50 per barrel.Under CEO Scott Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.Exxon's purchase would outrank oil major Shell's (SHEL.L) $53 billion acquisition of BG Group in 2016, which put it atop the global liquefied natural gas market.In July, Exxon agreed to a $4.9 billion all-stock deal for Denbury, a small U.S. oil firm with a network of carbon dioxide pipelines and underground storage. That acquisition was intended to bolster Exxon's nascent low-carbon business.The largest U.S. oil producer originally made an all-cash bid for Denbury, and at the last minute switched to all stock, reflecting both the target's move up in market value during the talks and investors wanting to take part in any upside in Exxon's stock.The oil giant's share price has recovered strongly since its early 2020 tumble to about $30 as oil and gas prices collapsed. Exxon shares recently hit an all-time high of $120 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181987238731824,"gmtCreate":1685439550393,"gmtModify":1685440666499,"author":{"id":"4138838376253972","authorId":"4138838376253972","name":"Liquid gold","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138838376253972","authorIdStr":"4138838376253972"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181987238731824","repostId":"1130177875","repostType":2,"repost":{"id":"1130177875","kind":"news","pubTimestamp":1685460624,"share":"https://ttm.financial/m/news/1130177875?lang=&edition=fundamental","pubTime":"2023-05-30 23:30","market":"us","language":"en","title":"Nvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1130177875","media":"Bloomberg","summary":"Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining th","content":"<html><head></head><body><p>Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fb153e73026e0ecf36a2271ea74ee01\" title=\"\" tg-width=\"921\" tg-height=\"610\"/></p><p>The stock rose 4.99% in New York trading on Tuesday, gaining a market cap of over $1 trillion and joining the likes of Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. in trillion-dollar valuations. Fewer than 10 companies globally have ever achieved this level.</p><p style=\"text-align: start;\">No other company embodies Wall Street’s current obsession with AI more than Nvidia. It has become the world’s biggest maker of the specialized chips needed to power a new generation of AI products, surpassing Advanced Micro Devices Inc. and Intel Corp. in capability just as the viral success of ChatGPT has virtually every company around the world baking AI into its operations.</p><p style=\"text-align: start;\">In a speech at the National Taiwan University over the weekend, Jensen Huang shared the philosophy that has brought his company to this moment: “Run, don’t walk,” he said. “Either you are running for food, or you are running from becoming food.”</p><p style=\"text-align: start;\">Huang’s urgency — and his willingness to take risks that other rule-by-committee businesses dare not — is what compelled Nvidia Corp., the Silicon Valley chipmaker he founded 30 years ago, to make big bets on artificial intelligence years before anyone else was taking it seriously. Today, it’s proving to be the company’s golden goose.</p><p style=\"text-align: start;\">Nvidia’s shares have soared since last week when it gave an AI-fueled sales forecast that shattered Wall Street’s estimates. The stock continued to gain Tuesday after announcing several new artificial intelligence-related products over the weekend that touch on everything from robotics to gaming to advertising and networking. Huang also unveiled an AI supercomputer platform that will help tech companies create their own versions of ChatGPT.</p><p style=\"text-align: start;\">“It’s too much,” Huang said during his presentation of the platform in Taiwan. “I know it’s too much.”</p><p style=\"text-align: start;\">Not everyone is bullish. In an interview on Bloomberg TV on Friday, Cathie Wood, whose flagship ARK Innovation ETF fund cut its holding in Nvidia in January, warned that the computer-chip industry’s boom-bust cycles pose risks. “There are a few reasons we take some pause,” she said, with competition growing among firms for a piece of the AI market. She called Nvidia a “a check-the-box stock.”</p><p style=\"text-align: start;\">Huang has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse. But arguably no trend stands to benefit his company, today the world’s most valuable chip company, more than the rise of artificial intelligence.</p><p style=\"text-align: start;\">Last week, the company issued an AI-fueled sales forecast of $11 billion in the fiscal second quarter, blowing Wall Street targets out of the water and growing its value by $184 billion in a single day.</p><p style=\"text-align: start;\">“We have never seen a guide like the one Nvidia just put up,” Sanford C. Bernstein analyst Stacy Rasgon said at the time.</p><p style=\"text-align: start;\">Nvidia was co-founded in 1993 by Huang. It proved more successful than its peers at developing chips that turn computer code into the realistic images that computer gamers love, and rode out a wave of consolidation that saw its rivals acquired, bankrupted or merged into larger companies.</p><p style=\"text-align: start;\">Under Huang, the company then pushed its technology into new markets, such as data center servers and artificial intelligence processing — a move that’s proving prescient today. In less than a decade, Nvidia’s data center business has grown from $300 million in annual revenue to $15 billion. The chipmaker has won orders to equip giant computing factories by successfully arguing that graphics chips can handle AI workloads better than more standard processors.</p><p style=\"text-align: start;\">It’s become commonplace for tech companies to talk up their artificial intelligence prospects during earnings conference calls. References to AI soared after the launch of ChatGPT in November, and they don’t always spark a stock rally. But Nvidia has now become the model of a company that’s actually making money from AI. It’s the seller of picks and shovels in the gold-rush analogy.</p><p style=\"text-align: start;\">Nvidia’s success has made investors even gloomier about Intel, a Silicon Valley pioneer and the company most synonymous with computer chips. While many chipmakers saw their stocks gain in the wake of Nvidia’s blockbuster earnings last week, Intel actually fell. Nvidia’s valuation is now more than eight times that of Intel, despite the company having far less revenue.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-30 23:30 GMT+8 <a href=https://finance.yahoo.com/news/nvidia-set-become-first-1-093348739.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.The stock rose 4.99% in New York ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-set-become-first-1-093348739.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://finance.yahoo.com/news/nvidia-set-become-first-1-093348739.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130177875","content_text":"Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.The stock rose 4.99% in New York trading on Tuesday, gaining a market cap of over $1 trillion and joining the likes of Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. in trillion-dollar valuations. Fewer than 10 companies globally have ever achieved this level.No other company embodies Wall Street’s current obsession with AI more than Nvidia. It has become the world’s biggest maker of the specialized chips needed to power a new generation of AI products, surpassing Advanced Micro Devices Inc. and Intel Corp. in capability just as the viral success of ChatGPT has virtually every company around the world baking AI into its operations.In a speech at the National Taiwan University over the weekend, Jensen Huang shared the philosophy that has brought his company to this moment: “Run, don’t walk,” he said. “Either you are running for food, or you are running from becoming food.”Huang’s urgency — and his willingness to take risks that other rule-by-committee businesses dare not — is what compelled Nvidia Corp., the Silicon Valley chipmaker he founded 30 years ago, to make big bets on artificial intelligence years before anyone else was taking it seriously. Today, it’s proving to be the company’s golden goose.Nvidia’s shares have soared since last week when it gave an AI-fueled sales forecast that shattered Wall Street’s estimates. The stock continued to gain Tuesday after announcing several new artificial intelligence-related products over the weekend that touch on everything from robotics to gaming to advertising and networking. Huang also unveiled an AI supercomputer platform that will help tech companies create their own versions of ChatGPT.“It’s too much,” Huang said during his presentation of the platform in Taiwan. “I know it’s too much.”Not everyone is bullish. In an interview on Bloomberg TV on Friday, Cathie Wood, whose flagship ARK Innovation ETF fund cut its holding in Nvidia in January, warned that the computer-chip industry’s boom-bust cycles pose risks. “There are a few reasons we take some pause,” she said, with competition growing among firms for a piece of the AI market. She called Nvidia a “a check-the-box stock.”Huang has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse. But arguably no trend stands to benefit his company, today the world’s most valuable chip company, more than the rise of artificial intelligence.Last week, the company issued an AI-fueled sales forecast of $11 billion in the fiscal second quarter, blowing Wall Street targets out of the water and growing its value by $184 billion in a single day.“We have never seen a guide like the one Nvidia just put up,” Sanford C. Bernstein analyst Stacy Rasgon said at the time.Nvidia was co-founded in 1993 by Huang. It proved more successful than its peers at developing chips that turn computer code into the realistic images that computer gamers love, and rode out a wave of consolidation that saw its rivals acquired, bankrupted or merged into larger companies.Under Huang, the company then pushed its technology into new markets, such as data center servers and artificial intelligence processing — a move that’s proving prescient today. In less than a decade, Nvidia’s data center business has grown from $300 million in annual revenue to $15 billion. The chipmaker has won orders to equip giant computing factories by successfully arguing that graphics chips can handle AI workloads better than more standard processors.It’s become commonplace for tech companies to talk up their artificial intelligence prospects during earnings conference calls. References to AI soared after the launch of ChatGPT in November, and they don’t always spark a stock rally. But Nvidia has now become the model of a company that’s actually making money from AI. It’s the seller of picks and shovels in the gold-rush analogy.Nvidia’s success has made investors even gloomier about Intel, a Silicon Valley pioneer and the company most synonymous with computer chips. While many chipmakers saw their stocks gain in the wake of Nvidia’s blockbuster earnings last week, Intel actually fell. Nvidia’s valuation is now more than eight times that of Intel, despite the company having far less revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":181987238731824,"gmtCreate":1685439550393,"gmtModify":1685440666499,"author":{"id":"4138838376253972","authorId":"4138838376253972","name":"Liquid gold","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138838376253972","authorIdStr":"4138838376253972"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181987238731824","repostId":"1130177875","repostType":2,"repost":{"id":"1130177875","kind":"news","pubTimestamp":1685460624,"share":"https://ttm.financial/m/news/1130177875?lang=&edition=fundamental","pubTime":"2023-05-30 23:30","market":"us","language":"en","title":"Nvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet","url":"https://stock-news.laohu8.com/highlight/detail?id=1130177875","media":"Bloomberg","summary":"Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining th","content":"<html><head></head><body><p>Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fb153e73026e0ecf36a2271ea74ee01\" title=\"\" tg-width=\"921\" tg-height=\"610\"/></p><p>The stock rose 4.99% in New York trading on Tuesday, gaining a market cap of over $1 trillion and joining the likes of Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. in trillion-dollar valuations. Fewer than 10 companies globally have ever achieved this level.</p><p style=\"text-align: start;\">No other company embodies Wall Street’s current obsession with AI more than Nvidia. It has become the world’s biggest maker of the specialized chips needed to power a new generation of AI products, surpassing Advanced Micro Devices Inc. and Intel Corp. in capability just as the viral success of ChatGPT has virtually every company around the world baking AI into its operations.</p><p style=\"text-align: start;\">In a speech at the National Taiwan University over the weekend, Jensen Huang shared the philosophy that has brought his company to this moment: “Run, don’t walk,” he said. “Either you are running for food, or you are running from becoming food.”</p><p style=\"text-align: start;\">Huang’s urgency — and his willingness to take risks that other rule-by-committee businesses dare not — is what compelled Nvidia Corp., the Silicon Valley chipmaker he founded 30 years ago, to make big bets on artificial intelligence years before anyone else was taking it seriously. Today, it’s proving to be the company’s golden goose.</p><p style=\"text-align: start;\">Nvidia’s shares have soared since last week when it gave an AI-fueled sales forecast that shattered Wall Street’s estimates. The stock continued to gain Tuesday after announcing several new artificial intelligence-related products over the weekend that touch on everything from robotics to gaming to advertising and networking. Huang also unveiled an AI supercomputer platform that will help tech companies create their own versions of ChatGPT.</p><p style=\"text-align: start;\">“It’s too much,” Huang said during his presentation of the platform in Taiwan. “I know it’s too much.”</p><p style=\"text-align: start;\">Not everyone is bullish. In an interview on Bloomberg TV on Friday, Cathie Wood, whose flagship ARK Innovation ETF fund cut its holding in Nvidia in January, warned that the computer-chip industry’s boom-bust cycles pose risks. “There are a few reasons we take some pause,” she said, with competition growing among firms for a piece of the AI market. She called Nvidia a “a check-the-box stock.”</p><p style=\"text-align: start;\">Huang has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse. But arguably no trend stands to benefit his company, today the world’s most valuable chip company, more than the rise of artificial intelligence.</p><p style=\"text-align: start;\">Last week, the company issued an AI-fueled sales forecast of $11 billion in the fiscal second quarter, blowing Wall Street targets out of the water and growing its value by $184 billion in a single day.</p><p style=\"text-align: start;\">“We have never seen a guide like the one Nvidia just put up,” Sanford C. Bernstein analyst Stacy Rasgon said at the time.</p><p style=\"text-align: start;\">Nvidia was co-founded in 1993 by Huang. It proved more successful than its peers at developing chips that turn computer code into the realistic images that computer gamers love, and rode out a wave of consolidation that saw its rivals acquired, bankrupted or merged into larger companies.</p><p style=\"text-align: start;\">Under Huang, the company then pushed its technology into new markets, such as data center servers and artificial intelligence processing — a move that’s proving prescient today. In less than a decade, Nvidia’s data center business has grown from $300 million in annual revenue to $15 billion. The chipmaker has won orders to equip giant computing factories by successfully arguing that graphics chips can handle AI workloads better than more standard processors.</p><p style=\"text-align: start;\">It’s become commonplace for tech companies to talk up their artificial intelligence prospects during earnings conference calls. References to AI soared after the launch of ChatGPT in November, and they don’t always spark a stock rally. But Nvidia has now become the model of a company that’s actually making money from AI. It’s the seller of picks and shovels in the gold-rush analogy.</p><p style=\"text-align: start;\">Nvidia’s success has made investors even gloomier about Intel, a Silicon Valley pioneer and the company most synonymous with computer chips. While many chipmakers saw their stocks gain in the wake of Nvidia’s blockbuster earnings last week, Intel actually fell. Nvidia’s valuation is now more than eight times that of Intel, despite the company having far less revenue.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Surpasses $1 Trillion Market Valuation in Massive AI Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-30 23:30 GMT+8 <a href=https://finance.yahoo.com/news/nvidia-set-become-first-1-093348739.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.The stock rose 4.99% in New York ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-set-become-first-1-093348739.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://finance.yahoo.com/news/nvidia-set-become-first-1-093348739.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130177875","content_text":"Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining the ranks of just five American companies with valuations that high.The stock rose 4.99% in New York trading on Tuesday, gaining a market cap of over $1 trillion and joining the likes of Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. in trillion-dollar valuations. Fewer than 10 companies globally have ever achieved this level.No other company embodies Wall Street’s current obsession with AI more than Nvidia. It has become the world’s biggest maker of the specialized chips needed to power a new generation of AI products, surpassing Advanced Micro Devices Inc. and Intel Corp. in capability just as the viral success of ChatGPT has virtually every company around the world baking AI into its operations.In a speech at the National Taiwan University over the weekend, Jensen Huang shared the philosophy that has brought his company to this moment: “Run, don’t walk,” he said. “Either you are running for food, or you are running from becoming food.”Huang’s urgency — and his willingness to take risks that other rule-by-committee businesses dare not — is what compelled Nvidia Corp., the Silicon Valley chipmaker he founded 30 years ago, to make big bets on artificial intelligence years before anyone else was taking it seriously. Today, it’s proving to be the company’s golden goose.Nvidia’s shares have soared since last week when it gave an AI-fueled sales forecast that shattered Wall Street’s estimates. The stock continued to gain Tuesday after announcing several new artificial intelligence-related products over the weekend that touch on everything from robotics to gaming to advertising and networking. Huang also unveiled an AI supercomputer platform that will help tech companies create their own versions of ChatGPT.“It’s too much,” Huang said during his presentation of the platform in Taiwan. “I know it’s too much.”Not everyone is bullish. In an interview on Bloomberg TV on Friday, Cathie Wood, whose flagship ARK Innovation ETF fund cut its holding in Nvidia in January, warned that the computer-chip industry’s boom-bust cycles pose risks. “There are a few reasons we take some pause,” she said, with competition growing among firms for a piece of the AI market. She called Nvidia a “a check-the-box stock.”Huang has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse. But arguably no trend stands to benefit his company, today the world’s most valuable chip company, more than the rise of artificial intelligence.Last week, the company issued an AI-fueled sales forecast of $11 billion in the fiscal second quarter, blowing Wall Street targets out of the water and growing its value by $184 billion in a single day.“We have never seen a guide like the one Nvidia just put up,” Sanford C. Bernstein analyst Stacy Rasgon said at the time.Nvidia was co-founded in 1993 by Huang. It proved more successful than its peers at developing chips that turn computer code into the realistic images that computer gamers love, and rode out a wave of consolidation that saw its rivals acquired, bankrupted or merged into larger companies.Under Huang, the company then pushed its technology into new markets, such as data center servers and artificial intelligence processing — a move that’s proving prescient today. In less than a decade, Nvidia’s data center business has grown from $300 million in annual revenue to $15 billion. The chipmaker has won orders to equip giant computing factories by successfully arguing that graphics chips can handle AI workloads better than more standard processors.It’s become commonplace for tech companies to talk up their artificial intelligence prospects during earnings conference calls. References to AI soared after the launch of ChatGPT in November, and they don’t always spark a stock rally. But Nvidia has now become the model of a company that’s actually making money from AI. It’s the seller of picks and shovels in the gold-rush analogy.Nvidia’s success has made investors even gloomier about Intel, a Silicon Valley pioneer and the company most synonymous with computer chips. While many chipmakers saw their stocks gain in the wake of Nvidia’s blockbuster earnings last week, Intel actually fell. Nvidia’s valuation is now more than eight times that of Intel, despite the company having far less revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229357791866888,"gmtCreate":1697022534584,"gmtModify":1697022556539,"author":{"id":"4138838376253972","authorId":"4138838376253972","name":"Liquid gold","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138838376253972","authorIdStr":"4138838376253972"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229357791866888","repostId":"1130439283","repostType":2,"repost":{"id":"1130439283","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1697021053,"share":"https://ttm.financial/m/news/1130439283?lang=&edition=fundamental","pubTime":"2023-10-11 18:44","market":"us","language":"en","title":"Exxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1130439283","media":"Reuters","summary":"Exxon Mobil said Wednesday it agreed to acquire Pioneer Natural Resources in an all-stock transaction valued at $59.5B, or $253/share, based on Exxon's closing price on October 5.Under the deal terms, Pioneer shareholders will receive 2.3234 Exxon shares for each Pioneer share at closing.The implied total enterprise value of the transaction, including net debt, is ~$64.5B.","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil </a> said on Wednesday it would buy U.S. rival <a href=\"https://laohu8.com/S/PXD\">Pioneer Natural Resources </a> in an all-stock deal valued at $59.5 billion that puts it atop the largest U.S. oilfield and secures a decade of low-cost production.</p><p style=\"text-align: start;\">Exxon has offered $253 per share for Pioneer. Pioneer shares, which closed at $237.41 on Tuesday, were up 1.1% at $239.98 in premarket trading. Exxon shares were flat.</p><p style=\"text-align: start;\">A deal will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998 and the largest acquisition this year.</p><p>The deal value implies a 6.57% premium as per Pioneer's last close, according to Reuters' calculations.</p><p style=\"text-align: start;\">The deal will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure.</p><p style=\"text-align: start;\">Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. 5 spot at 6%, according to RBC Capital Markets analysts.</p><p>Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. This is because they could argue that together they will account for a small fraction of a vast global market for oil and gas.</p><p style=\"text-align: start;\">The deal comes after Exxon has pulled itself from deep losses and huge debts in the last two years by slashing costs, selling dozens of assets and benefiting from high energy prices spurred by Russia's invasion of Ukraine.</p><p>Chief Executive Darren Woods has rebuffed investor and political pressure to shift strategies and embrace renewable energy as European oil majors have done. He faced heavy criticism for sticking to a heavy oil-dependent strategy as climate concerns became more pressing.</p><p style=\"text-align: start;\">The decision paid off when the company last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic.</p><p style=\"text-align: start;\">Exxon socked away some of the huge profits from the oil-price run up, putting aside some $30 billion in cash in anticipation of deals, according to analysts.</p><p style=\"text-align: start;\">Pioneer has been one of the most successful oil companies to emerge from the shale revolution, which turned the U.S. from a major oil importer into the world's largest producer in little more than a decade.</p><p style=\"text-align: start;\">Permian Basin is highly valued by the U.S. energy industry because of its relatively low cost to extract oil and gas, with rock-bottom production costs averaging about $10.50 per barrel.</p><p style=\"text-align: start;\">Under CEO Scott Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.</p><p style=\"text-align: start;\">Exxon's purchase would outrank oil major Shell's (SHEL.L) $53 billion acquisition of BG Group in 2016, which put it atop the global liquefied natural gas market.</p><p style=\"text-align: start;\">In July, Exxon agreed to a $4.9 billion all-stock deal for Denbury, a small U.S. oil firm with a network of carbon dioxide pipelines and underground storage. That acquisition was intended to bolster Exxon's nascent low-carbon business.</p><p style=\"text-align: start;\">The largest U.S. oil producer originally made an all-cash bid for Denbury, and at the last minute switched to all stock, reflecting both the target's move up in market value during the talks and investors wanting to take part in any upside in Exxon's stock.</p><p style=\"text-align: start;\">The oil giant's share price has recovered strongly since its early 2020 tumble to about $30 as oil and gas prices collapsed. Exxon shares recently hit an all-time high of $120 per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon To Buy Shale Rival Pioneer For Nearly $60 Billion In Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-10-11 18:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil </a> said on Wednesday it would buy U.S. rival <a href=\"https://laohu8.com/S/PXD\">Pioneer Natural Resources </a> in an all-stock deal valued at $59.5 billion that puts it atop the largest U.S. oilfield and secures a decade of low-cost production.</p><p style=\"text-align: start;\">Exxon has offered $253 per share for Pioneer. Pioneer shares, which closed at $237.41 on Tuesday, were up 1.1% at $239.98 in premarket trading. Exxon shares were flat.</p><p style=\"text-align: start;\">A deal will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998 and the largest acquisition this year.</p><p>The deal value implies a 6.57% premium as per Pioneer's last close, according to Reuters' calculations.</p><p style=\"text-align: start;\">The deal will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure.</p><p style=\"text-align: start;\">Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. 5 spot at 6%, according to RBC Capital Markets analysts.</p><p>Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. This is because they could argue that together they will account for a small fraction of a vast global market for oil and gas.</p><p style=\"text-align: start;\">The deal comes after Exxon has pulled itself from deep losses and huge debts in the last two years by slashing costs, selling dozens of assets and benefiting from high energy prices spurred by Russia's invasion of Ukraine.</p><p>Chief Executive Darren Woods has rebuffed investor and political pressure to shift strategies and embrace renewable energy as European oil majors have done. He faced heavy criticism for sticking to a heavy oil-dependent strategy as climate concerns became more pressing.</p><p style=\"text-align: start;\">The decision paid off when the company last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic.</p><p style=\"text-align: start;\">Exxon socked away some of the huge profits from the oil-price run up, putting aside some $30 billion in cash in anticipation of deals, according to analysts.</p><p style=\"text-align: start;\">Pioneer has been one of the most successful oil companies to emerge from the shale revolution, which turned the U.S. from a major oil importer into the world's largest producer in little more than a decade.</p><p style=\"text-align: start;\">Permian Basin is highly valued by the U.S. energy industry because of its relatively low cost to extract oil and gas, with rock-bottom production costs averaging about $10.50 per barrel.</p><p style=\"text-align: start;\">Under CEO Scott Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.</p><p style=\"text-align: start;\">Exxon's purchase would outrank oil major Shell's (SHEL.L) $53 billion acquisition of BG Group in 2016, which put it atop the global liquefied natural gas market.</p><p style=\"text-align: start;\">In July, Exxon agreed to a $4.9 billion all-stock deal for Denbury, a small U.S. oil firm with a network of carbon dioxide pipelines and underground storage. That acquisition was intended to bolster Exxon's nascent low-carbon business.</p><p style=\"text-align: start;\">The largest U.S. oil producer originally made an all-cash bid for Denbury, and at the last minute switched to all stock, reflecting both the target's move up in market value during the talks and investors wanting to take part in any upside in Exxon's stock.</p><p style=\"text-align: start;\">The oil giant's share price has recovered strongly since its early 2020 tumble to about $30 as oil and gas prices collapsed. Exxon shares recently hit an all-time high of $120 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PXD":"先锋自然资源","XOM":"埃克森美孚"},"source_url":"https://seekingalpha.com/news/4019617-exxon-confirms-deal-to-buy-pioneer-natural-resources-for-60b-in-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130439283","content_text":"(Reuters) - Exxon Mobil said on Wednesday it would buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that puts it atop the largest U.S. oilfield and secures a decade of low-cost production.Exxon has offered $253 per share for Pioneer. Pioneer shares, which closed at $237.41 on Tuesday, were up 1.1% at $239.98 in premarket trading. Exxon shares were flat.A deal will be Exxon's biggest since its $81 billion purchase of Mobil Oil in 1998 and the largest acquisition this year.The deal value implies a 6.57% premium as per Pioneer's last close, according to Reuters' calculations.The deal will leave four of the largest U.S. oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure.Pioneer is the Permian's largest operator accounting for 9% of gross production, while Exxon occupies the No. 5 spot at 6%, according to RBC Capital Markets analysts.Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny. This is because they could argue that together they will account for a small fraction of a vast global market for oil and gas.The deal comes after Exxon has pulled itself from deep losses and huge debts in the last two years by slashing costs, selling dozens of assets and benefiting from high energy prices spurred by Russia's invasion of Ukraine.Chief Executive Darren Woods has rebuffed investor and political pressure to shift strategies and embrace renewable energy as European oil majors have done. He faced heavy criticism for sticking to a heavy oil-dependent strategy as climate concerns became more pressing.The decision paid off when the company last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic.Exxon socked away some of the huge profits from the oil-price run up, putting aside some $30 billion in cash in anticipation of deals, according to analysts.Pioneer has been one of the most successful oil companies to emerge from the shale revolution, which turned the U.S. from a major oil importer into the world's largest producer in little more than a decade.Permian Basin is highly valued by the U.S. energy industry because of its relatively low cost to extract oil and gas, with rock-bottom production costs averaging about $10.50 per barrel.Under CEO Scott Sheffield, Pioneer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.Exxon's purchase would outrank oil major Shell's (SHEL.L) $53 billion acquisition of BG Group in 2016, which put it atop the global liquefied natural gas market.In July, Exxon agreed to a $4.9 billion all-stock deal for Denbury, a small U.S. oil firm with a network of carbon dioxide pipelines and underground storage. That acquisition was intended to bolster Exxon's nascent low-carbon business.The largest U.S. oil producer originally made an all-cash bid for Denbury, and at the last minute switched to all stock, reflecting both the target's move up in market value during the talks and investors wanting to take part in any upside in Exxon's stock.The oil giant's share price has recovered strongly since its early 2020 tumble to about $30 as oil and gas prices collapsed. Exxon shares recently hit an all-time high of $120 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}