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Sonu Sood, Wamiqa Gabbi and More Lend Support to IndiGo Ground Staff Amid Chaos_我的网站
A | Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including debt, Exxon is committing about $64.5 billion to the acquisition, leaving no doubt of the Texas energy company's commitment to fossil fuels as energy prices surge. Pioneer shareholders will receive 2.32 shares of Exxon for each Pioneer share they own.“I think fossil fuels, as the world looks to transition and find lower sources of affordable energy with lower emissions, fossil fuels oil and gas are going to continue to play a role over time,” Exxon Mobil CEO Darren Woods said during an interview with CNBC. “ That may diminish with time. The rate of that is, I think, not very clear at this stage. But it will be around for a long time.” Woods explained that Exxon and Pioneer will be able to use their combined capabilities to drive down emissions and produce lower carbon intensity oil and gas. Exxon purchased XTO Energy in 2009 for approximately $36 billion. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion.The deal with Pioneer Natural vastly expands Exxon's presence in the Permian basin, a massive oilfield that straddles the border between Texas and New Mexico. Drilling the Permian accounted for 18% of all U.S. natural gas production last year, according to the U.S. Energy Information Administration.Pioneer's more than 850,000 net acres in the Midland Basin will be combined with Exxon’s 570,000 net acres in the Delaware and Midland Basin, nearly contiguous fields that will allow the combined company to trim costs. That is a big driver of the deal. Natural gas rigs in operation have declined over 26% in the U.S. since the start of the year, according to government data, largely due to the rising costs for drilling materials and labor over the past two years. “Their tier-one acreage is highly contiguous, allowing for greater opportunities to deploy our technologies, delivering operating and capital efficiency as well as significantly increasing production,” Woods said of Pioneer in a prepared statement. The company will have an estimated 16 billion barrels of oil equivalent in the Permian.Once the deal closes, Exxon Permian production volume will more than double to 1.3 million barrels of oil equivalent per day, based on 2023 volumes. It's expected to climb to about 2 million barrels of oil equivalent per day in 2027. “The combination of ExxonMobil and Pioneer creates a diversified energy company with the largest footprint of high-return wells in the Permian Basin,” Pioneer CEO Scott Sheffield said in a prepared statement. Citi's Alastair Syme wrote that the transaction could provide multiple benefits to Exxon. “Across the industry, the logic of consolidation in the highly fragmented Permian shale remains compelling with significant gains to be achieved from economies of scale by minimizing facilities spend, optimizing drilling and reducing" general spending, Syme wrote. Exxon is flush with cash. The company posted unprecedented profits last year of $55.7 billion, breezing past its previous record of $45.22 billion in 2008 when oil prices hit record highs.Exxon Mobil Corp. has been using some of that cash on acquisitions. In July the company announced that it was buying pipeline operator Denbury in an all-stock deal valued at $4.9 billion.Pioneer Natural has been making similar maneuvers. In 2020 the company said it was buying Parsley Energy in an all-stock deal valued at approximately $4.5 billion. It then purchased DoublePoint Energy in a cash-and-stock deal worth about $6.4 billion in 2021.The boards of both companies have approved the transaction, which is expected to close in the first half of next year. It still needs approval from Pioneer shareholders. Shares of Exxon fell more than 4% in Wednesday morning trading.。 Sonu Sood, Wamiqa Gabbi and others have urged people not to lash out at the ground staff amid the major crisis caused by IndiGo. The airline cancelled most of their flights due to a shortage of manpower, leading to thousands of passengers being left stranded at various airports of major cities such as Mumbai, Delhi and Kolkata. Several flights have been delayed as well. Photos and videos that have gone viral on social media show passengers losing their calm and expressing the anger on the airport staff of IndiGo. Taking to social media, Sonu Sood shared a video and said in Hindi, "My own family was travelling, and they had to wait for 4–5 hours. Then their flight finally took off and they reached, but many flights didn’t take off, they were cancelled. A lot of people couldn’t attend weddings, meetings and events were cancelled. Everyone faced a lot of inconvenience." "A delayed flight is frustrating, but remember the faces trying to fix it. Please be nice and humble to the IndiGo staff; they are carrying the weight of cancellations too. Let’s support them." @IndiGo6E pic.twitter.com/rd3ciyekcS — sonu sood (@SonuSood) December 6, 2025 He continued, "But the sad part was how people were shouting at the ground staff at the airports. I know there’s frustration, disappointment, and anger. But just imagine yourself in their place. Even they don’t know what the upcoming schedule will be, whether the flights will take off or not. They simply pass on the messages they receive to you." Bhool Chuk Maaf Wamiqa Gabbi shared journalist Faye DSouza's post that read, "One thing is for sure, Indigo's ground staff deserves more grace and kindness from us. What is happening is not their fault and they have been left to face angry customers without any information or protection." Comedian-actor Vir Das took to Instagram to write, "The decent thing to do? The entire senior management of Indigo should be made to take shifts at the airport and stand there. From CEOs to VPs and such. The decision makers. Instead of the terrified junior employees with no power, cabin crew, and ground staff, who have been left to deal with the yelling and screaming." Nearly 1000 flights have been cancelled since Tuesday due to shortage of manpower and new crew regulations. Also Read: 13 Actors With The Best Biceps。
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