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Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of ...
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The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. on the condition that Pioneer co-founder Scott Sheffield be excluded from the supermajor’s board. The decision, announced Thursday in a filing, will ease concern the Biden administration would seek to block a series of oil and ...