Scott Sheffield, who was previously with Pioneer Natural Resources Company, has requested that the Federal Trade Commission (FTC) rethink and cancel its decision from January 16, 2025, related to Exxon Mobil Corporation’s acquisition of Pioneer. Sheffield argues that the FTC’s order is not grounded in antitrust law and violates both his constitutional rights and due process. He claims that the FTC’s allegations against him, such as coordinating with OPEC on oil production, are baseless and that the order unjustly limits his professional activities. Public comments on this petition are invited and must be submitted by May 12, 2025.
Simple Explanation
Scott Sheffield asked an important group called the FTC to change their mind about letting a big company, Exxon Mobil, buy another company, Pioneer, because he thinks it wasn't fair. People can tell the FTC what they think about this by May 12, 2025.