FTC Starts Process That May Nix Chevron, Exxon Deal Limits
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By Bryan Koenig

The Federal Trade Commission took the first steps Friday toward potentially
lifting bans on the CEOs of Hess and Pioneer Natural Resources serving on
the boards of Chevron and Exxon, respectively, under agreements assailed by
the FTC's Republican leadership who want to permit the Chevron-Hess and
Exxon-Pioneer mergers without those restrictions.

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