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US FTC order bans Exxon Mobil, Pioneer Natural Resources deal
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US FTC order bans Exxon Mobil, Pioneer Natural Resources deal
May 2, 2024 6:09 AM

WASHINGTON (Reuters) - The Federal Trade Commission said on Thursday it prevented former Pioneer Natural Resources CEO Scott Sheffield from serving on Exxon Mobil's ( XOM ) board of directors as it resolves antitrust concerns about Exxon's bid to buy the top shale oil producer.

(Reporting by Susan Heavey and Doina Chiacu; Editing by Chris Sanders.)

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