_ftc-approves-exxon-mobil39s-acquisition-of-pioneer-expanding-presence-in-permian-basin.jpg "FTC Approves Exxon Mobil's Acquisition of Pioneer, Expanding Presence in Permian Basin from ftc turbo Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 910K times
✓ Published: 04-May-2024
👁 View: 910K times
✓ Published: 04-May-2024
Description:
The Federal Trade Commission has given the green light to Exxon Mobil's acquisition of Pioneer Natural Resources, a move that will greatly expand the energy giant's presence in the highly coveted Permian Basin. However, former Pioneer CEO Scott Sheffield will not be joining the board of the newly merged company due to allegations of colluding with OPEC. Pioneer has made it clear that they will not interfere with the merger, despite their disagreement with the accusations. Exxon's acquisition of Pioneer significantly enhances its footprint in the Permian Basin by merging Pioneer's extensive Midland Basin acreage with Exxon's holdings, enabling cost reductions due to the proximity of these assets.
The Federal Trade Commission has given the green light to Exxon Mobil's acquisition of Pioneer Natural Resources, a move that will greatly expand the energy giant's presence in the highly coveted Permian Basin. However, former Pioneer CEO Scott Sheffield will not be joining the board of the newly merged company due to allegations of colluding with OPEC. Pioneer has made it clear that they will not interfere with the merger, despite their disagreement with the accusations. Exxon's acquisition of Pioneer significantly enhances its footprint in the Permian Basin by merging Pioneer's extensive Midland Basin acreage with Exxon's holdings, enabling cost reductions due to the proximity of these assets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_ftc-sues-intuit-over-turbotax-advertising.webp "ABC News")
_the-new-porsche-macan-turbo-interior-design-in-racing-green.webp "It’s all down to this line, a mere stroke on paper. And yet it marks a a new beginning. The coupé-like roofline of the Macan and the striking rear—with its shape so typical of Porsche—evoke the tight, unmistakable flyline of the 911. But this time, it’s not just a reminder of the Porsche icon. Rather, the shape, including the rear spoiler, is a groundbreaking innovation in the all-electric SUV segment. “The active aerodynamic elements all contribute significantly to the range,” says aerodynamics specialist Thomas Wiegand. “We have a rear spoiler that raises automatically, active cooling flaps at the front air intakes, and flexible covers on the underbody.” Located in the same building as the Style Porsche design department, the Weissach wind tunnel gives form and shape to the streamlining of the newly developed Macan. It’s the first Porsche based on the Premium Platform Electric (PPE) created in collaboration with Audi. This platform not only benefits from development synergies, but is also highly flexible, enabling Porsche to implement its own technical and brand-specific objectives. Full electrification of the popular model line is an important milestone on the path to ensuring that more than 80 percent of the new cars are fully electrified in 2030—depending on the demand of customers and the development of electromobility in the respective regions of the world.")
_behind-the-bot-ftc-14615-turbo-charged-ultimate-goal-first-updates-now.webp "First Updates Now")
_parallel-vs-sequential-vs-compound-twin-turbo-systems-explained-boost-school-11.webp "driving 4 answers")
⏲ 20 minutes 18 seconds 👁 423.8K
_how-to-clean-carbon-off-your-engine.webp "Deutsche Auto Parts")
_ftc-powerplay-8644-brainstormers-season-amp-worlds-recap.webp "Brainstormers 8644")
_the-new-porsche-macan-turbo-design-preview-in-racing-green.webp "It’s all down to this line, a mere stroke on paper. And yet it marks a a new beginning. The coupé-like roofline of the Macan and the striking rear—with its shape so typical of Porsche—evoke the tight, unmistakable flyline of the 911. But this time, it’s not just a reminder of the Porsche icon. Rather, the shape, including the rear spoiler, is a groundbreaking innovation in the all-electric SUV segment. “The active aerodynamic elements all contribute significantly to the range,” says aerodynamics specialist Thomas Wiegand. “We have a rear spoiler that raises automatically, active cooling flaps at the front air intakes, and flexible covers on the underbody.” Located in the same building as the Style Porsche design department, the Weissach wind tunnel gives form and shape to the streamlining of the newly developed Macan. It’s the first Porsche based on the Premium Platform Electric (PPE) created in collaboration with Audi. This platform not only benefits from development synergies, but is also highly flexible, enabling Porsche to implement its own technical and brand-specific objectives. Full electrification of the popular model line is an important milestone on the path to ensuring that more than 80 percent of the new cars are fully electrified in 2030—depending on the demand of customers and the development of electromobility in the respective regions of the world.")
_old-timer-taught-me-this-passing-it-on-to-the-next-generation.webp "NATES INTERACTIVE AUTO")
_ftc-sues-intuit-over-turbotax-advertising.jpg)
_the-new-porsche-macan-turbo-interior-design-in-racing-green.jpg)
_behind-the-bot-ftc-14615-turbo-charged-ultimate-goal-first-updates-now.jpg)
_parallel-vs-sequential-vs-compound-twin-turbo-systems-explained-boost-school-11.jpg)
_how-to-clean-carbon-off-your-engine.jpg)
_ftc-powerplay-8644-brainstormers-season-amp-worlds-recap.jpg)
_the-new-porsche-macan-turbo-design-preview-in-racing-green.jpg)
_old-timer-taught-me-this-passing-it-on-to-the-next-generation.jpg)
![[+]](/images/menu.gif){kind=small}