Shares of Pioneer Natural Resources Company (PXD) are rising more than 8% Friday morning at $234.13.
The oil giant Exxon Mobil is reportedly in advanced talks to buy the company in a transaction valued about $60 billion.
PXD has traded in the range of $177.27 - $274.70 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.