ExxonMobil Corporation

Rule Changes

Completed Pioneer acquisition; barred from appointing Sheffield

In 2024 the Federal Trade Commission approved two giant oil mergers on one condition: the acquired CEOs would not join the acquirer's board. The agency said their private OPEC communications risked aligning US output with the cartel.

Updated Sep 26

Rule Changes

Exited Venezuela in 2007; pursuing $2 billion in arbitration claims

Hugo Chávez nationalized Venezuela's oil sector in 2007, expropriating assets from ExxonMobil, ConocoPhillips, and other foreign companies. Nineteen years later, less than a month after U.S. forces captured Nicolás Maduro, Venezuela's National Assembly passed legislation reversing that policy. Acting President Delcy Rodríguez signed it into law.

Updated May 26