FTC probes Exxon’s purchase of oil company Pioneer ...Middle East

The Federal Trade Commission is probing ExxonMobil’s move to purchase oil Company Pioneer Natural Resources, Pioneer said Tuesday. In an SEC filing Tuesday, Pioneer president and chief operating officer Rich Dealy reproduced an email to all employees in which he said that both companies “received a request from the Federal Trade Commission (FTC) for additional information related to its review of the proposed merger transaction announced on October 11, 2023.” “As we discussed at the employee meeting, this request by the FTC is a part of the U.S. government’s regulatory review process,” Dealy wrote.  The probe comes after a request for an investigation from 23 Democrats, led by Se

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