FTC Upholds Exxon-Pioneer Final Order, Denies Sheffield’s Petition
Washington D.C. – The Federal Trade Commission (FTC) has officially denied a petition filed by Mr. John Sheffield, which sought to reopen and set aside the Commission’s Final Order concerning the acquisition of Pioneer Natural Resources by Exxon Mobil. The FTC announced its decision on July 15, 2025, confirming that the existing Final Order, issued previously, will remain in full effect.
The FTC’s Final Order, established in a prior proceeding, addressed the significant market concentration resulting from the proposed merger. The Commission’s review determined that the transaction, without certain conditions, would likely harm competition in the oil and gas sector. Consequently, the Order included specific requirements and remedies designed to mitigate these anticompetitive effects and protect consumers.
Mr. Sheffield’s petition, submitted to the FTC, requested a re-evaluation of the existing Final Order. While the details of the petition have not been publicly elaborated upon, the FTC’s denial signifies that the Commission found no sufficient grounds to revisit or overturn its previous determination. This decision underscores the FTC’s commitment to ensuring that mergers and acquisitions do not unduly stifle competition or negatively impact market dynamics.
The FTC, in its role as a guardian of fair competition, continually reviews proposed business combinations to prevent monopolistic practices and safeguard the interests of consumers. The reaffirmation of the Exxon-Pioneer Final Order suggests that the Commission’s initial assessment of the competitive landscape and the efficacy of the implemented remedies remains sound. This outcome reinforces the rigor of the FTC’s investigative and decision-making processes in complex merger reviews.
The denial of Mr. Sheffield’s petition means that the terms and conditions outlined in the original Final Order will continue to govern the post-merger integration of Exxon Mobil and Pioneer Natural Resources. This ensures that the agreed-upon measures to maintain a competitive market are upheld, thereby continuing to serve the public interest.
FTC Denies Sheffield’s Petition to Reopen and Set Aside the Exxon-Pioneer Final Order
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