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Further FTC investigations on Exxon post-Pioneer deal by 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Public announcements from the FTC or major legal news sources
Story
FTC to Approve Exxon's $60 Billion Pioneer Deal with Minor Concessions
May 1, 2024, 09:26 PM
The U.S. Federal Trade Commission (FTC) is poised to approve Exxon Mobil's $60 billion acquisition of Pioneer Natural Resources, following a settlement agreement that includes minor concessions. A notable condition of the approval is that Pioneer's CEO, Scott Sheffield, will not join Exxon's board of directors. This decision comes after the FTC's review, which included a second request for information from Exxon in early April. Exxon's CFO, Kathy Mikells, has expressed confidence that the deal will close within this quarter.
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Divestiture of assets • 25%
Restrictions on future acquisitions • 25%
Cap on market share • 25%
No significant conditions • 25%
No further challenges • 25%
Minor challenges resolved quickly • 25%
Significant ongoing challenges • 25%
Merger reversed or halted • 25%
Yes • 50%
No • 50%
