Sen. Ed Markey is slamming the Federal Trade Commission for allowing two former executives to join major oil company boards ...

The FTC has reopened an order involving Chevron’s proposed acquisition of Hess, and another regarding Exxon Mobil’s proposed purchase of Pioneer Natural Resources after its initial complaints failed ...

The U.S. Federal Trade Commission on Thursday reversed bans on the CEOs of takeover targets joining the boards of Chevron and Exxon Mobil that the Biden administration made a condition of clearing the ...

MAGA looks invincible now, but a recent dust-up at Exxon shows that the edicts of one administration can be revisited by the ...

FTC reverses decisions to ban former Pioneer CEO Scott Sheffield and former Hess Corp. CEO John Hess from joining Exxon and Chevron boards.

Pioneer founder Scott Sheffield no longer wants to join Exxon board after FTC ruling Sheffield, who lives in Southlake, and the CEO of Hess Corp. were accused of trying to talk to coordinate with ...

The FTC ultimately approved the sale, but as a result of Sheffield's alleged OPEC ties, he was barred from joining Exxon’s board, a decision that was finalized in January under the Biden ...

FTC Chairman Andrew Ferguson criticized the order last year, which barred Sheffield from Exxon's board over concerns he would coordinate with members of the Organization of the Petroleum Exporting ...

The FTC released Exxon, which acquired Pioneer Natural Resources last year, from an order barring former Pioneer CEO Scott Sheffield from its board. Chevron, which agreed to buy Hess in 2023 for ...

By Kelly Cloonan The Federal Trade Commission has reopened and set aside the final consent orders for proposed acquisitions from Exxon Mobil and Chevron. The FTC said Thursday it reopened an order ...