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.