Previous Close | 0.2900 |
Open | 0.2900 |
Bid | 0.0800 |
Ask | 0.1200 |
Strike | 60.00 |
Expire Date | 2024-12-20 |
Day's Range | 0.2900 - 0.2900 |
Contract Range | N/A |
Volume | |
Open Interest | 77 |
The Federal Trade Commission signaled on Thursday it was prepared to green light Exxon Mobil's $60 billion purchase of Pioneer Natural Resources on the condition Pioneer's former CEO will not be allowed to join Exxon's board. The FTC's consent order prevents former Pioneer Natural Resources CEO Scott Sheffield from taking an offered seat on Exxon Mobil's board of directors to resolve antitrust concerns about Exxon's bid to buy the top shale oil producer. “Mr. Sheffield’s past conduct makes it crystal clear that he should be nowhere near Exxon’s boardroom," said Kyle Mach, Deputy Director of the FTC’s Bureau of Competition.
(Bloomberg) -- 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, must not take a seat on the supermajor’s board. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTesla Axes Supercharger Team in Blow to Broade
Chief Executive Officer Wael Sawan is working to close the valuation gap between his company and American rivals Exxon and Chevron.