Exxon Mobil Set To Close $60B Deal For Pioneer Natural Resources After Agreement With FTC
- The Federal Trade Commission is set to approve Exxon Mobil's $60 billion purchase of Pioneer Natural Resources after Pioneer's former CEO is barred from joining the board.
- Concerns about Scott Sheffield's discussions with OPEC led to his removal from consideration for the Exxon board.
- Exxon's acquisition of Pioneer, valued at $59.5 billion, would significantly increase its production in the Permian Basin.
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Leaning Left3Leaning Right3Center12Last Updated14 days agoBias Distribution67% Center