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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.

Original reporting: https://www.bloomberg.com/news/articles/2026-09-24/scott-sheffield-claims-exxon-ceo-betrayed-him-in-60-billion-pioneer-deal

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