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Diamondback buys Endeavor for 26 billion, big energy is born - Breaking news

2024-02-12T14:15:41.288Z

Highlights: Diamondback buys Endeavor for 26 billion, big energy is born. The agreement is the latest in a series of agreements that are transforming the American energy industry. In the last four months Exxon Mobil bought Pioneer Resources for $60 billion, Chevron bought Hess for $53 billion and Occidental Petroleum bought CrownRock for $10.8 billion. The deal is worth $26 billion in stock and cash to Diamondback and $1.5 billion to Endeavour. The company is based in Texas and produces oil and gas.


Diamondback Energy has reached a deal to buy Texas oil and gas producer Endeavor Energy Resources for $26 billion in stock and cash. From the union a colossus of the Permian basin is born. (HANDLE)


Diamondback Energy has reached an agreement to buy Texas oil and gas producer Endeavor Energy Resources for $26 billion in stock and cash.

From the union a colossus of the Permian basin is born.

The agreement is the latest in a series of agreements that are transforming the American energy industry.

In the last four months Exxon Mobil bought Pioneer Resources for $60 billion, Chevron bought Hess for $53 billion and Occidental Petroleum bought CrownRock for $10.8 billion.


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