Ex-Pioneer CEO Accused of OPEC Collusion Taps DC Lobbying Firm
(Bloomberg) -- Scott Sheffield, the former head of Pioneer Natural Resources Co., has hired a powerful Washington, DC lobbying firm after the US Federal Trade Commission said he tried to collude with OPEC.
Most Read from Bloomberg
What to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan
Flesh-Eating Bacteria That Can Kill in Two Days Spreads in Japan
These Are the World’s Most Expensive Cities for Expats in 2024
Ex-Trump Adviser Urges Him to Cut Ties With China, Restart Nuclear Tests
Sheffield hired Brownstein Hyatt Farber Schreck LLP to lobby on “issues related to the FTC,” according to a recently filed disclosure report.
As part of its review of Exxon Mobil Corp.’s $60 billion takeover of Pioneer, the antitrust agency said it found evidence Sheffield sought to communicate with OPEC and US peers about oil pricing and output. The FTC referred the matter for a potential criminal investigation.
The FTC approved the sale but barred Sheffield, Pioneer’s founder, from joining Exxon’s board. Sheffield denies the allegations.
The lobbying disclosure was previously reported by the trade publication E&E News.
Most Read from Bloomberg Businessweek
Google DeepMind Shifts From Research Lab to AI Product Factory
Coke—and Dozens of Others—Pledged to Quit Russia. They’re Still There
Trump’s Planned Tariffs Would Tax US Households, Economists Warn
©2024 Bloomberg L.P.
