The lawsuit comes after the FTC officially filed a consent decree alleging former Pioneer Natural Resources Chief Executive Scott Sheffield had attempted to collude with rival companies and the ...
The Federal Trade Commission alleges that former Pioneer Natural Resources CEO Scott Sheffield held private conversations with OPEC officials assuring them the company would keep oil output low.
It prevented Scott Sheffield from a seat on the new company’s board of directors, or serving in any advisory capacity. · The purpose is to stop Sheffield attempts to collude with OPEC or OPEC+ ...
Pioneer CEO Scott Sheffield was barred from joining ExxonMobil's board in order to meet Federal Trade Commission conditions.