Plains Exploration & Production (PXP) announced Monday morning that it entered into a definitive agreement to acquire from Shell Offshore Inc. its 50% working interest in the Holstein Field for $560 million.
Plains Exploration & Production gapped open sharply lower Monday and declined further around midday. Shares finished down by 4.24 at $36.09 on the highest volume of the year. The stock dropped to over a 2-month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.