FTC Investigating ExxonMobil’s Multibillion-Dollar Planned Purchase of Oil Firm Pioneer

FTC Investigating ExxonMobil’s Multibillion-Dollar Planned Purchase of Oil Firm Pioneer
A view of the Exxon Mobil refinery in Baytown, Texas, on Sept. 15, 2008. Jessica Rinaldi/Reuters
Katabella Roberts
Updated:
0:00

The Federal Trade Commission (FTC) is investigating ExxonMobil’s nearly $60 billion proposal to acquire U.S. shale oil producer Pioneer Natural Resources.

Pioneer and ExxonMobil “each received a request for additional information and documentary materials from the Federal Trade Commission in connection with the FTC’s review of the merger,” Irving, Texas-based Pioneer stated in a Dec. 5 securities filing.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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