Exxon Mobil Corp. plans to lay off 397 employees from Pioneer Natural Resources Co. after purchasing the Permian Basin operator for $63 billion earlier this year.

The chief executive of Exxon Mobil Corp. on Nov. 12 discouraged President-elect Donald Trump from withdrawing the U.S. from the landmark Paris climate pact.

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.

Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.

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A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.

The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.

The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.

Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.