ExxonMobil's plan to buy shale heavyweight Pioneer Natural Resources in a mega-deal valued at roughly $65 billion including debt comes with several defining takeaways.
State of play: The all-stock deal would make Exxon by far the largest player in the Permian Basin, the country's most prolific oilfield, as Axios' Matt Phillipspoints out today.
The globe's pronounced and unexpected temperature spike during the past few months is provoking unease among some of the most level-headed climate scientists.
The big picture: September was the most unusually warm month in recorded history. This followed record heat in June and July — which was also the planet's hottest month — as well as August.
Exxon Mobilemphasized plans to boost production as part of its blockbuster deal announced Wednesday that would make it the single biggest player in the strategically important U.S. Permian Basin.
Why it matters: Russia's war in Ukraine altered world energy markets, underscoring the importance of domestic production for the U.S.
Pandemic-era cycling fever appears to be lingering, with the number of average daily bike trips per 1,000 people increasing in almost every major U.S. metro area between 2019-2022.
That's per a new report from mobility data firm StreetLight Data, which uses GPS and other location data to measure urban transportation patterns.
The remaining debris from the Titan submersible, which imploded during a diving trip to the wreck of the Titanic in June, has been recovered from the ocean floor, the U.S. Coast Guard said Tuesday.
Driving the news: Crews found "additional presumed human remains" within the submersible's debris, and they were "transported for analysis by U.S. medical professionals," per the Coast Guard.
New analysis finds that holding temperature rise to 1.5°C above preindustrial levels — the Paris Agreement's stretch goal — is "less likely than ever" despite rapid low-emissions energy expansion.
Why it matters: A long-term outlook issued by risk management firm DNV is among a suite of reports (both out currently and upcoming) that help frame COP28 discussions and beyond.
ExxonMobil announced Wednesday it will buy U.S. shale driller Pioneer Natural Resources for $59.5 billion in stock.
Why it matters: This would be ExxonMobil's largest deal since its two namesakes got married, and would give it the Permian Basin's most prolific player.
