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US FTC Declines to Challenge Exxon Mobil-Pioneer Natural Resources Deal But Forces Out Pioneer Founder
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US FTC Declines to Challenge Exxon Mobil-Pioneer Natural Resources Deal But Forces Out Pioneer Founder
May 2, 2024 6:49 AM

08:56 AM EDT, 05/02/2024 (MT Newswires) -- The US Federal Trade Commission declined to challenge Exxon Mobil's ( XOM ) acquisition of Pioneer Natural Resources ( PXD ) but asserted that Pioneer's co-founder and former chief executive, Scott Sheffield, must not take a seat on the combined entity's board.

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