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Today, the federal trade commission reopened and set aside the final consent order involving exxon mobil corporation’s proposed acquisition of pioneer natural resources company 17, “after the close of business on the final business day of the [biden] administration,” sheffield notes in the suit The ftc’s final order prohibited exxon from nominating, designating, or appointing founder and former pioneer ceo scott sheffield to exxon’s board of directors or from serving in an advisory capacity in any way.
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Sheffield filed a petition in march requesting the ftc reconsider the final consent order, which also prohibits exxon from nominating, designating or appointing any other pioneer employees or. The ftc issued its “final consent order” jan The federal trade commission (ftc) revoked a 2024 decision prohibiting former pioneer natural resources ceo scott sheffield from holding an exxon mobil position
But after winning the clearance.
Today, the federal trade commission (ftc) has reopened and set aside the final consent order regarding exxon mobil corporation's proposed acquisition of pioneer natural resources company The original order had prohibited exxon from involving scott sheffield, founder and former ceo of pioneer, in its board or management activities. The final consent order, issued in january 2025, bars exxon from appointing sheffield to its board of directors or engaging him in any advisory role The federal trade commission on tuesday unanimously rejected — for now — a petition from former pioneer natural resources ceo scott sheffield that sought to overturn a consent decree that.
The ftc’s final order prohibited exxon from nominating, designating, or appointing founder and former pioneer ceo scott sheffield to exxon’s board of directors or from serving in an advisory. The federal trade commission approved a consent order resolving antitrust concerns in connection with exxon mobil's roughly $60 billion acquisition of pioneer natural resources Scott sheffield, formerly of pioneer natural resources company (“pioneer”), has asked the federal trade commission (“ftc” or “commission”) to reopen and set aside the commission's decision and order entered on january 16, 2025, concerning exxon mobil corporation's acquisition of pioneer Sheffield's petition is not intended to affect its legal status or.
The ftc said that it addressed antitrust concerns related to the deal by approving a consent order
Under the order, scott sheffield, the founder and former ceo of pioneer natural resources, is prohibited from securing a position on exxonmobil’s board or serving in an advisory capacity following the completion of the deal. On may 2, 2024, the federal trade commission (ftc) announced a consent order in the matter of exxon mobil corporation’s (exxon) acquisition of pioneer natural resources (pioneer) Sheffield sold pioneer to exxon mobil in 2024 for $64.5 billion, including debt
