06:01 AM EDT, 07/18/2025 (MT Newswires) -- The US Federal Trade Commission said Thursday that it has reopened and revoked a final order related to Exxon Mobil's ( XOM ) acquisition of Pioneer Natural Resources.

The order barred Exxon Mobil ( XOM ) from appointing Pioneer founder Scott Sheffield to its board or as an advisor and from adding any Pioneer employee or director to its board over a five-year period, according to the statement.

According to the FTC, Sheffield sought to vacate the order in March but this petition was recently denied.

The regulator said Exxon Mobil ( XOM ) has consented to the final order's revocation.

Exxon Mobil ( XOM ) did not immediately respond to MT Newswires' request for comment.