Exxon to take 18-24 months to hit full stride with Pioneer purchase

Exxon Mobil anticipates it will take 18 to 24 months to fully integrate and maximize production efficiencies following its $60 billion acquisition of Pioneer Natural Resources. This acquisition, which has just been finalized, positions Exxon as the largest oil producer in the Permian Basin, potentially increasing its output to about 1.3 million barrels per day. The integration process will involve merging technologies and operational strategies, with significant growth in oil production expected annually.