Your Daily Brief For October 12th

Your Daily Brief For October 12th

5 months ago1 min

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Your Brief Summary

In today’s Daily Brief, we'll look at how this year's biggest takeover will crown ExxonMobil as the unrivaled king of shale.

"When all is said and done, Exxon should be able to crank up its daily oil production to around 50% more than its nearest rival’s – and tap into tons of onshore oil wells that can be fired up within mere months."

Key takeaways:

  • Energy giant Exxon agreed to buy smaller firm Pioneer for $60 billion, a deal that will make it the undisputed shale king
  • French luxury conglomerate LVMH reported a bigger slowdown in sales growth than expected


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