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Appears in 1 story · Last updated Sep 26, 2026
As of September 2026: Acquired by Chevron; faces 2026 class action
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
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