FTC seeks public comment on Exxon-Pioneer petition
Written by Emily J. Thompson, Senior Investment Analyst
FTC Public Comment Period: The Federal Trade Commission is seeking public comments on a petition from Scott Sheffield, requesting the reopening of a consent order related to Exxon Mobil's acquisition of Pioneer Natural Resources, which prohibits Sheffield from serving on Exxon's board for five years.
Next Steps in the Process: The public has until May 12, 2025, to submit comments regarding the petition, after which the FTC will vote on how to proceed with the request to set aside the consent order.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
