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Pioneer founder lacks standing for Exxon petition but still has ‘recourse,’ US FTC rules

By Ilana Kowarski ( July 15, 2025, 18:33 GMT | Insight) -- The US Federal Trade Commission issued a unanimous ruling denying the petition of Pioneer Natural Resources founder Scott Sheffield, the longtime petroleum industry executive who urged the agency to completely vacate its merger antitrust settlement with ExxonMobil. The commission’s decision was based on a technical finding that Sheffield was ineligible for the FTC’s petition review procedure. The US Federal Trade Commission issued a unanimous ruling today denying a petition from Pioneer Natural Resources founder Scott Sheffield, a longtime petroleum industry executive, urging the agency to completely vacate its merger antitrust settlement with ExxonMobil. The commission’s decision was based on a technical finding that Sheffield was ineligible for the FTC’s petition review procedure....

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