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What will be the outcome of the FTC investigation into Hess, Occidental, and Diamondback executives over OPEC communications by December 31, 2024?
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Resolution / Starting Odds
No action taken • 25%
Fines imposed • 25%
Executives charged • 25%
Other • 25%
Official FTC report or press release
Story
FTC Investigates Hess, Occidental, Diamondback Execs Over OPEC Communications
Jul 19, 2024, 08:01 PM
The US Federal Trade Commission (FTC) is investigating whether executives at major oil companies, including Hess, Occidental Petroleum, and Diamondback Energy, improperly communicated with officials from the Organization of the Petroleum Exporting Countries (OPEC). The probe aims to determine if there were any improper pricing discussions or signs of collusion. Investigators are examining executives’ messages and other communications for evidence.
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Yes • 50%
No • 50%
Complete compliance • 25%
Partial compliance • 25%
Non-compliance • 25%
Extended deadline • 25%
No further action • 25%
Additional arrests • 25%
New policy recommendations • 25%
Other • 25%
Yes • 50%
No • 50%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Regulatory changes recommended • 25%
No action taken • 25%
Fines imposed • 25%
New regulations proposed • 25%
Other • 25%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Other penalties • 25%
Yes • 50%
No • 50%
No action taken • 25%
Fines imposed • 25%
Lawsuit filed • 25%
Settlement reached • 25%
No legal action taken • 25%
Legal action taken against stepfather only • 25%
Legal action taken against Munro only • 25%
Legal action taken against both • 25%
