Exxon/Pioneer, Chevron/Hess Spur Lawmakers’ Call for Close FTC Scrutiny, Possibly Signaling Extended Reviews

Published on Nov 27, 2023

ExxonMobil’s (XOM) proposed $59.5 billion takeover of Pioneer Natural Resources (PXD) and Chevron’s (CVX) $53 billion bid for Hess (HES) spurred a large number of Democratic senators in a letter this month to call on the FTC to closely probe the energy mega deals—a possible sign that the companies can expect extended investigations. Historically, deals […]

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