It appears that Exxon's lobbyist have not been greasing the right wheels in DC and the FTC is preparing a lawsuit. This is a speculative rumor circulating, but it came from a reliable source.
This probably will not have any effect on the closure of the merger, other than further delaying it.
It's nothing more than a pointless political statement by the Biden Administration. A waste of your time and tax dollars.
There are many assets in the process of being sold!!! Pioneer cares less
FTC won't stop it. Will just possibly require some selling of assets to make everyone happy. Once they see the lack of control this really give XOM, then the FTC will likely buzz off. It's an election year. Gotta puff up the chest a little.
Help me LK, you’re my only hope
The FTC goddess has massive cajones, she can sink the deal. I want to believe...
Amazing, gogo FTC