Who owns xto energy

Managed by XTO Energy, the acquisition includes an estimated resource of 3. Company Topic. Attention Owners: We invite you to visit our new Owner relations site.

If you have any questions regarding your interest owner account you can access to our assistance for owners section or submit your inquiry online to our departments for a fastest time of response. Who we are Article. Facebook link opens in a new window Twitter link opens in a new window Linkedin link opens in a new window 1 Email link opens in a new window copy to clipboard. Our history. At XTO Energy, whether it is in business or in the community, we have made exceptional performance a habit.

XTO celebrated its year anniversary. Apart from the attractive reserve base and technological expertise that Exxon obtained, the merger was funded by stock. So in many cases, an all-stock transaction can improve the leverage — i. From a strategic standpoint, the XTO acquisition did pave the way for Exxon to segue into tight oil, Dehne-Kiley said. Through XTO, by as early as , Exxon aims to increase production to 1 million barrels of oil equivalent per day from the Permian.

But Exxon's intent to also unlock unconventional resource development and production worldwide has not quite panned out, Molchanov said. Thank you. We use this when contacting you to make sure we reach the right person. What is your last name? What is your primary email you use for work? We may reach out to your work email to start the conversation.

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Tell us what your area of interest is so we can get you the essential intelligence you need. Chief Executive Rex Tillerson said the oil major's acquisition of XTO Energy represents a big move into unconventional natural gas as a "material new resource for us.

The Irving, Texas energy giant has already made various acquisitions in the unconventional arena around the world, and the XTO deal will help it knit those pieces together, Tillerson said in a conference call with reporters.

He said the company's all-stock transaction offer was helped by its billions in equity buybacks in recent years. The deal also provides a way for a company as big as Exxon Mobil to offer production growth to its investors.

Tillerson said the agreement amounts to "good news for the United States economy and energy security, as it will enhance opportunities for job creation and investment in the production of America's own clean-burning natural gas resources. A major merger had been expected in the energy business as oil and commodity prices dropped, but industry experts has talked down the possibility of a tie-up between the Western super-majors, which include Chevron Corp.

A, Among the oil majors, Statoil has made a major push recently into U. EOG, DVN, Morgan Securities Inc. ExxonMobil plans to set up a new upstream organization to manage global development and production of unconventional resources in Fort Worth, in XTO's current offices. Negative headlines have come in rapid fire for the company in recent weeks—and it dramatically missed sales estimates for the third quarter.