Pioneer and Sheffield rebutted the FTC’s claims, saying his efforts were an attempt to push back against the “predatory practices” of OPEC and Russia, which had flooded the market with oil on several occasions, including in 2020, to wipe out U.S. shale.
NEW YORK, May 3, 2024 /PRNewswire/ S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE: PXD) in the S&P 500, S&P SmallCap 600
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.
Sheffield, Pioneer s founder and a high-profile figure in the shale industry, has been barred from joining Exxon s board, according to the agreement reache.
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