ExxonMobil completed its merger with Pioneer Natural Resources on 05/3/2024 for 0.475 shares of ExxonMobil stock for each PXD share.

The Form S-4 SEC filing for this merger can be found through the SEC EDGAR web site at:

https://www.sec.gov/Archives/edgar/data/34088/000119312523281591/d558467ds4.htm#rom558467_46

The companies plan to structure the merger so it is a non-taxable event. We will assume they are successful and will treat this merger as a simple merger. The information below is based on the information available from a form S-4 filed with the SEC. Price information is from websites offering historical prices.

NOTE:The companies state they will endeavor to satisfy the conditions necessary to make this transaction non-taxable. However, there is the possibility the IRS will disagree with their characterization. These instructions assume the companies succeed in their efforts. New instructions will be written, if and when it becomes known the merger should be treated as a taxable event.

The Merger Entry Go to Accounting > Securities > Record merger of securities in myICLUB. If you are unfamiliar with merger transactions you can get help at this URL: https://www.myiclub.com/faq/article.aspx?id=52

Here is the information needed for Pioneer Natural Resources shareholders to complete the merger.

• Date: 5/3/2024
• Old Security or Merging Company: Pioneer Natural Resources (PXD)
• Price per share of old Security / : Use last PXD valuation, if needed
• Cash received: See your broker statement for cash-in-lieu
• New Security: ExxonMobil (XOM)
• New Security Price: 116.00 (Closing price on 5/3/2024)
• Shares received : 2.3234 x (# of PXD shares owned).
  • (Remember to include fractional shares.)
  • For example, if you owned 100 PXD shares, you should receive 2.3234 x 100 = 232.34 XOM shares.

Save the transaction and the merger has been entered.