17 Apr 2025
⚖️FTC Petition by Scott Sheffield on Exxon Mobil Acquisition Order
Petition of Scott Sheffield To Reopen and Set Aside Order
Summary
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. Publication of Mr. Sheffield's petition is not intended to affect its legal status or its final disposition.
Agencies
- Federal Trade Commission
Business Impact
$$$ - High
The content discusses an FTC petition concerning the ordering and approval process of significant mergers, which directly impacts businesses involved in mergers and acquisitions. Business owners may need to navigate compliance with antitrust regulations and consider the market implications of such orders.