Exxon Mobil $XOM is set to close its $60 billion megadeal for Pioneer Natural $PXD following an agreement with antitrust enforcers not to add Pioneer CEO Scott Sheffield to its board of directors - WSJ
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Thanks Willwork4benefits for posting a link to Politico. It states,” The FTC alleges that Sheffield exchanged hundreds of messages with OPEC officials discussing oil output and prices, one of the people said. While OPEC participants have antitrust immunity as sovereign entities, U.S. firms do not. The FTC also has competition concerns about Sheffield’s position on the board of Williams Cos., which is primarily focused on oil and gas transportation, that person said.
Thank you for posting the Semafor article. It states,” The Federal Trade Commission has uncovered evidence that Scott Sheffield, who retired at the end of last year, colluded with competitors and OPEC, the cartel of oil-producing countries that includes Saudi Arabia, to raise gas prices, the people said.”
Read people…read
Before you throw hate @ SS, remember he did it all so xom could save the tigers.
DP ends.
We are all Exxon baboons come Friday
There are several Exxon baboons on here and don’t buy all the SS nonsense they say. Exxon probably paid the folks in power to get the clearance and get SS out.
Exxon knew SS was dirty then offered him a seat on the board knowing he would never pass board member morality clause! Timing is everything!
SS created Pioneer but he is not your Savior
Now those people who drank the PNR cool-aid can see it in print WSJ SS is not the savior you thought! All of those people who have been protected will now be thrust into the real world where their A$$ kissing will not get them anywhere!
Hulk was almost right, apparently Scott just about ki-led the deal. The Hulkster smelled something was going on. Good luck to all going forward!! It’s been a good ride!
How did it scr** over employees? Him being on the board wouldn’t have helped any of the employees.
Just read the WSJ. Looks like SS tried to manipulate the market. This sc--wed over PNR employees. What a great guy! He’s got your back.
Hmmm
https://www.politico.com/news/2024/05/01/ftc-to-approve-major-exxon-deal-but-exclude-key-executive-00155515
I like turtles
The shrimp got big brother'd? You love to see it.
Looks like the layoffs start with Scott
Hulk the troll where you at haha spitting BS for weeks
https://www.semafor.com/article/05/01/2024/ftc-clears-exxon-pioneer-deal-but-with-board-twist