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US FTC prevents former Pioneer Natural Resources CEO from serving on Exxon board
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US FTC prevents former Pioneer Natural Resources CEO from serving on Exxon board
May 2, 2024 5:49 AM

WASHINGTON, May 1 (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.

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