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   Who is Pioneer Oil?

   • Pioneer dates back to 1997, and was created after a merger involving another company led by Sheffield. Pioneer is the biggest crude producer in the Permian Basin, whose output is the main reason the U.S. has become the world’s largest oil producer – and has challenged OPEC’s power to influence global crude oil prices in recent years.

   FTC to approve major Exxon deal — but exclude key executive

   www.politico.com/news/2024/05/01/ftc-to-approve-major-exxon-deal-but-exclude-key-executive-00155515

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   Where is Pioneer Natural Resources located?

   • FILE - Pioneer Natural Resources Midland headquarters office is shown on Jan. 13, 2021, in Midland, Texas. Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors.

   Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO

   apnews.com/article/exxon-pioneer-ftc-sheffield-3ec3b762ad6570b8ca962fe9793c432a

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   What does the pioneer deal mean for Exxon?

   • The Pioneer deal will combine two fast-growing Permian operations, lifting Exxon’s production in the basin to about 2 million barrels of oil equivalent a day by 2027, up from about 600,000 last year. Have a confidential tip for our reporters? Get in Touch

   Exxon to Close Pioneer Deal as FTC Forces Out Sheffield

   www.bloomberg.com/news/articles/2024-05-02/exxon-to-close-pioneer-deal-as-ftc-forces-out-founder-sheffield

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   Did Exxon Mobil buy Pioneer Natural Resources?

   • Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors FILE - Pioneer Natural Resources Midland headquarters office is shown on Jan. 13, 2021, in Midland, Texas.

   Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Sc…

   www.washingtonpost.com/business/2024/05/02/exxon-pioneer-ftc-sheffield/eb86f08c-08b2-11ef-b186-090cb777107e_story.html

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2. www.oaoa.com › local-news › exxonmobil-deal-withExxonMobil deal with Pioneer gets FTC nod, but former Pioneer ...

   www.oaoa.com › local-news › exxonmobil-deal-with

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   May 2, 2024 · The FTC said Thursday that Scott Sheffield, who founded Pioneer in 1997, colluded with OPEC and OPEC+ to potentially raise crude oil prices. Sheffield retired from the company in 2016, but he...

3. www.ftc.gov › news-events › newsFTC Order Bans Former Pioneer CEO from Exxon Board Seat in ...

   www.ftc.gov › news-events › news

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   May 2, 2024 · The Federal Trade Commission took action to resolve antitrust concerns surrounding Exxon Mobil Corporation’s (Exxon) $64.5 billion acquisition of oil producer Pioneer Natural Resources by approving a consent order that prevents founder and former Pioneer CEO Scott Sheffield from gaining a seat on Exxon’s board of directors or serving in an ...

4. www.bloomberg.com › news › articlesExxon to Close Pioneer Deal as FTC Forces Out Founder ...

   www.bloomberg.com › news › articles

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   May 2, 2024 · The US Federal Trade Commission declined to challenge Exxon Mobil Corp. ’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder,...

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6. apnews.com › article › exxon-pioneer-ftc-sheffield-3Exxon Mobil deal with Pioneer gets FTC nod, but former ...

   apnews.com › article › exxon-pioneer-ftc-sheffield-3

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   May 2, 2024 · The FTC said Thursday that Scott Sheffield, who founded Pioneer in 1997, colluded with OPEC and OPEC+ to potentially raise crude oil prices. Sheffield retired from the company in 2016, but he returned as president and CEO in 2019, served as CEO from 2021 to 2023, and continues to serve on the board.

7. www.politico.com › news › 2024/05/01FTC to approve major Exxon deal — but exclude key executive ...

   www.politico.com › news › 2024/05/01

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   May 1, 2024 · The Federal Trade Commission is set to greenlight the $64 billion deal, despite antitrust concerns — but on the condition that Scott Sheffield, Pioneer’s founder, two-time former CEO and ...

8. www.washingtonpost.com › business › 2024/05/02Exxon Mobil deal with Pioneer gets FTC nod, but former ...

   www.washingtonpost.com › business › 2024/05/02

   • Cached

   May 2, 2024 · The FTC said Thursday that Scott Sheffield, who founded Pioneer in 1997, colluded with OPEC and OPEC+ to potentially raise crude oil prices. Sheffield retired from the company in 2016, but he...

9. www.yahoo.com › news › exxon-conclude-takeoverExxon to Conclude Takeover With Pioneer Founder Under a Cloud

   www.yahoo.com › news › exxon-conclude-takeover

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   May 2, 2024 · (Bloomberg) -- The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. on the condition that Pioneer co-founder Scott...