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 ...

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

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 ...

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

Exxon previously said it expected to win the arbitration—but in the event it didn’t, the company expected to continue business as usual in Guyana. The company on Friday welcomed Chevron to the ...

Zinger Key Points ICC rules in Chevron’s favor, allowing $53B Hess acquisition to proceed despite Exxon’s opposition. FTC reverses decision, permits Hess CEO to join Chevron board post-merger.

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 ...

When Scott Sheffield agreed to sell his company, Pioneer Natural Resources, to Exxon XOM-3.22%decrease; red down pointing triangle Mobil for $60 billion, he expected to retire with a windfall ...

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 ...

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 ...