FTC greenlights Exxon-Pioneer megadeal with a caveat. It’s still a good sign for energy mergers

The FTC barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices.

U.S. regulators on Thursday gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices.