02:08 PM EDT, 05/28/2024 (MT Newswires) -- Former Pioneer Natural Resources Chief Executive Scott Sheffield on Tuesday asked the US Federal Trade Commission to withdraw its objection to his inclusion on the board of Exxon Mobil ( XOM ) .

Exxon recently completed its acquisition of Pioneer. The FTC declined to challenge the deal but approved a consent order preventing Sheffield from joining the combined company's board.

The order "is arbitrary, capricious, an abuse of discretion, beyond the FTC's lawful authority, and not in the public interest," Sheffield's legal counsel Cleary Gottlieb Steen & Hamilton said in comment filed with the FTC on his behalf.

Sheffield denied the FTC's allegation he colluded with the Organization of the Petroleum Exporting Countries to prop up crude prices.

The FTC and Exxon did not immediately reply to MT Newswires' requests for comment.

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