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Published 3 months ago

Occidental, CrownRock Merger Faces Regulatory Scrutiny

Summary by Ground News
The FTC is investigating Occidental Petroleum Corp's pending $12-billion acquisition of CrownRock LP. The pending acquisitions by Chevron and ExxonMobil of their smaller US competitors have prompted a group of senators to ask for an FTC investigation. They warned the country's oil and gas industry is already too concentrated.

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Occidental, CrownRock Merger Faces Regulatory Scrutiny

The US competition regulator has launched an in-depth probe into Occidental's pending $12-billion acquisition of CrownRock.

3 months ago
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