Exxon CEO dismisses worries FTC could hold up Pioneer deal, does not see competition concerns
Publishing timestamp: 2023-12-07 12:09:55
Summary
Exxon CEO Darren Woods is not worried about the Federal Trade Commission's investigation into the company's acquisition of Pioneer Natural Resources. Woods believes there are no concerns about competition and that the transaction is small in the context of the broader U.S. oil market. The deal is expected to close in the first half of 2024. Additionally, Woods addresses concerns about the border issue between Venezuela and Guyana, stating that he expects the dispute to be resolved in the International Court of Justice.
Sentiment: NEUTRAL
Keywords: business, chevron corp, oil and gas, pioneer natural resources co, breaking news: politics, energy, venezuela, exxon mobil corp, charles schumer, hess corp, business news, guyana, mergers and acquisitions, breaking news: markets,