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The U.S. Federal Trade Commission said on Friday that it was seeking public comment on a petition filed by the former CEO of Pioneer Natural Resources asking the commission to set aside an order involving Exxon Mobil Corp's acquisition of Pioneer.
Scott Sheffield, Pioneer Natural Resources founder, joins 'Power Lunch' to discuss the steel business, impact of tariffs and the lawsuit against the FTC.
Former Pioneer Natural Resources CEO Scott Sheffield sued the U.S. Federal Trade Commission on Tuesday, saying it violated the law by barring his inclusion on Exxon Mobil's board when the company acquired Pioneer in a deal worth $59.5 billion.
Dallas, Texas--(Newsfile Corp. - January 6, 2025) - Bracewell LLP announced today that Bryan L. Clark has joined the firm's Dallas office as a partner in both the firm's oil and gas and energy transition practice groups.
Goldman Sachs analyst Neil Mehta rated Exxon Mobil Corporation XOM Neutral and a price target of $125.
Exxon Mobil Corp is laying off 59 employees, including 10 in the Permian Basin and 39 in Dallas, according to a filing with the Texas Workforce Commision.
Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter.
The Federal Trade Commission (FTC) has taken an unprecedented step as part of the biggest shale oil and gas merger ever: ExxonMobil buying Pioneer Natural Resources Pioneer Natural Resources for the hefty sum of $60 billion. But, as part of the deal, FTC announced on May 3, 2024, the chairman of Pioneer, Scott Sheffield, was prohibited from joining the board at ExxonMobil ExxonMobil or retaining any advisory capacity.
Nearly two dozen Democratic senators, led by Majority Leader Chuck Schumer, D-N.Y., wrote a letter to the Justice Department urging a probe of alleged collusion between the oil industry and OPEC.
Scott Sheffield, the former CEO of Pioneer Natural Resources, has requested the US Federal Trade Commission to vacate its order that barred his inclusion on Exxon Mobil's board.
NEW YORK , May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE: PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE: XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3.
The index changes were announced after the close of trading Friday by S&P Dow Jones Indices. All changes will occur on Wednesday.
Texas-based Vistra Corp. is set to join the S&P 500 index before the opening bell Wednesday, index provider S&P Dow Jones Indices said late Friday.
Exxon Mobil will take 18 to 24 months to achieve its desired production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, the company's top shale executive said on Friday.
ExxonMobil (XOM) said Friday it completed its deal to buy Pioneer Natural Resources valued at nearly $60 billion after getting approval from U.S. regulators. Including debt, ExxonMobil is committing about $64.5 billion to the purchase of Pioneer.
Exxon Mobil has closed its $60 billion purchase of Pioneer Natural Resources , the oil and gas producer said on Friday, a day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal.
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD). The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin. The combined company's more than 1.4 million net acres in the Delaware and Midland basins have an estimated 16 billion barrels of oil equivalent resource. ExxonMobil's Permian production vo.
The US Federal Trade Commission (FTC) has sanctioned former Pioneer Natural Resources Corp CEO Scott Sheffield, barring him from Exxon Mobil's board amid its $60 billion acquisition of Pioneer. The FTC alleges Sheffield led a scheme with other American oil executives and OPEC to suppress production and boost profits.
ExxonMobil XOM this week received clearance from the Federal Trade Commission to complete its $65 billion acquisition of Pioneer Natural Resources PXD.
U.S. regulators on Thursday gave the go-ahead to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred Pioneer's former CEO from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices.