Senate Majority Leader Schumer Is Urging The FTC To Look Into Whether Exxon Mobil Corp. And Chevron Corp.'s Proposed Oil And Gas Acquisitions Could Violate Antitrust Laws.
Portfolio Pulse from Charles Gross
Senate Majority Leader Schumer has urged the Federal Trade Commission (FTC) to investigate whether proposed oil and gas acquisitions by Exxon Mobil Corp. and Chevron Corp. could violate antitrust laws.
November 01, 2023 | 10:51 am
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NEGATIVE IMPACT
Chevron Corp.'s proposed oil and gas acquisitions are under scrutiny for potential antitrust violations.
The call for an FTC investigation into Chevron's proposed acquisitions could potentially delay or even halt the deals, which would likely negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Exxon Mobil Corp.'s proposed oil and gas acquisitions are under scrutiny for potential antitrust violations.
The call for an FTC investigation into Exxon Mobil's proposed acquisitions could potentially delay or even halt the deals, which would likely negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100