Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An update from Pioneer Natural (PXD) is now available.
A merger between Pioneer and ExxonMobil resulted in significant changes to Pioneer’s financial instruments and corporate structure. As of May 3, 2024, Pioneer’s Convertible Senior Notes due 2025 were adjusted to be convertible into ExxonMobil stock, with around $450 million of these notes still outstanding. Pioneer also settled all obligations under its Credit Agreement as part of the merger. Shares of Pioneer stock were delisted from the NYSE, with each share converting to the right to receive shares of ExxonMobil stock, affecting common shares as well as various stock units and restricted stocks. Following the merger, Pioneer’s board and officers were replaced by those from ExxonMobil.
For a thorough assessment of PXD stock, go to TipRanks’ Stock Analysis page.