Democrats Seek Probe Into Exxon And Chevron Mega Deals ...Middle East

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Democrats Seek Probe Into Exxon And Chevron Mega Deals
source : OILPRICE ( Middle East ) () 44
A group of Democratic Senators led by Senate Majority Leader Chuck Schumer have urged the Federal Trade Commission to investigate if the latest mega acquisitions announced by supermajors ExxonMobil and Chevron are violating antitrust regulations.  “Should the FTC determine that these mergers would violate antitrust law, we urge you to oppose them,” Schumer wrote in a letter to FTC, as carried by Bloomberg. The letter is the highest-profile call on the U.S. regulators so far to look into whether the deals announced last month would…

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