News

FTC Investigating Exxon's $60 Billion Deal for Pioneer - The Wall Street Journal

The Wall Street Journal · last updated

FTC Investigating Exxon’s $60 Billion Deal for Pioneer - WSJ

Updated Dec. 5, 2023 10:49 am ET

U.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two decades, according to securities filings.

The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according to data compiled by law firm Dechert.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

What to Read Next

- TurboTax: Save up to $15 with TurboTax coupon 2023
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: 15% OFF DIY Online Tax Filing Services | H&R Block Coupon
- Top Resume: Top Resume Coupon: 10% Off professional resume writing
- eBay: Unlock 10% off orders $50+ with eBay promo code
- Groupon: Groupon coupon code: Extra 10% off health and beauty

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up