F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
Source: @BreaknNews
The Federal Trade Commission on Thursday approved Exxon Mobil’s acquisition of Pioneer Natural Resources as long as Exxon excludes Pioneer’s chief executive from its board.The $60 billion deal between the two Texas companies, which may be finalized as early as this week, would produce the dominant oil and gas producer in the Permian Basin, the country’s largest oil field, which is in Texas and New Mexico. Exxon’s…
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