The U.S. Federal Trade Commission on Thursday declined to challenge Exxon Mobil Corp. s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer s co-founder, must not take a seat on Exxon s board.
The U.S. Federal Trade Commission on Thursday declined to challenge Exxon Mobil Corp. s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer s co-founder, must not take a seat on Exxon s board.
The Federal Trade Commission’s allegations that shale trailblazer Scott Sheffield tried to collude with OPEC to prop up crude prices is unnerving U.S. oil executives pursuing more than $100 billion in deals.
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