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FTC rocks oil industry with claim that Texas executive was colluding with OPEC to fix prices

The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott…

Exxon to Conclude Takeover With Pioneer Founder Under a Cloud

(Bloomberg) The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. on the condition that Pioneer co-founder Scott Sheffield be excluded from the supermajor’s board. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaTurkey Halts All Trade With Israel Over War in GazaHu

FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board

Exxon to Close Pioneer Deal as FTC Forces Out Sheffield

(Bloomberg) The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. on the condition that Pioneer co-founder Scott Sheffield be excluded from the supermajor’s board. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China

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