US Trade Regulator Slows Down ConocoPhillips’ Takeover of Competitor Marathon
ConocoPhillips said it has received a second request from the US Federal Trade Commission (FTC) for information about its proposed acquisition of rival Marathon Oil. Both companies received requests on July 11 and are working with the FTC to review the merger. In May, Conoco said it would pay $22.5 …
ExxonMobil Receives FTC Approval to Acquire Pioneer Natural Resources
American energy company ExxonMobil has received approval from the US Federal Trade Commission (FTC) to acquire Pioneer Natural Resources, an operator of the Permian shale basin, for $64.5 billion. The Federal Trade Commission said it resolved antitrust issues related to the deal by approving the consent decree. At the same …