Bloomberg
Scott Sheffield Claims Exxon CEO Betrayed Him in $60 Billion Pioneer Deal
Thursday, September 24, 2026
Scott Sheffield said ExxonMobil CEO Darren Woods did not support him in a Federal Trade Commission dispute, contrary to what Sheffield said Woods had promised. Sheffield, founder of Pioneer Natural Resources, made the statement following ExxonMobil's $60 billion acquisition of Pioneer in 2024. The specific nature of the FTC dispute and Woods' stated reasons for his position were not detailed in available reports.
