Diamondback buys Endeavor for 26 billion, big energy is born - Energia & Energie

2024-02-12T13:54:13.041Z

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 is one of the largest oil and gas producers in the United States.

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)