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FTC Nixes Exxon-Pioneer, Chevron-Hess Board Ban Deals

By Bryan Koenig ( July 18, 2025, 5:39 PM EDT) -- The Biden-era Federal Trade Commission settlements clearing Exxon's purchase of Pioneer and Chevron's acquisition of Hess are no more, after the now Republican-controlled agency said Thursday there was no need to condition acquisition approvals on banning the CEOs of Pioneer and Hess from the boards of the combined companies....

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