U.S. Federal Trade Commission (FTC)
About
The Federal Trade Commission (FTC) is an antitrust U.S. government agency created in 1914 under President Woodrow Wilson.
The commission enforces antitrust and consumer protection laws. Under Section 5(a) of the FTC Act, the agency investigates and prevents unfair competition and deceptive practices that affect commerce--its two primary missions.
The commission is lead by five commissioners that are nominated by the president of the U.S. and confirmed by the Senate. Each commissioner serves a seven-year term. No more than three commissioners can be of the same political party. The president chooses one commissioner to act as chair.
Headquarters Address
600 Pennsylvania Avenue
NW Washington, DC 20580
United States
Website
www.ftc.govNews
Darbonne: ‘The Dance’ of US Policy Leaving Energy Mid Slip
The 1909 Matisse painting known as “The Dance” demonstrates the outcome of one of the U.S.’ pillars falling down.
Marathon Stockholders Give $17.1B ConocoPhillips Merger Thumbs Up
Marathon Oil shareholders approved a merger acquisition by ConocoPhillips valued at $22.5 billion, including debt, at a special meeting.
Noble’s $1.59B Diamond Offshore Acquisition Clears Antitrust Hurdle
Noble Corp.’s acquisition of Diamond Offshore Drilling still requires approval by Diamond shareholders as well as regulatory authorization in Australia.
Report: FTC Probes Hess, Diamondback, Oxy Over OPEC Communications
Investigators are looking for evidence that executives at Hess Corp., Diamonddack Energy or Occidental Petroleum attempted to collude with OPEC officials on oil market dynamics, according to a Bloomberg report.
Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal
The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.
FTC Requests More Info on $17.1B ConocoPhillips, Marathon Oil Deal
The U.S. Federal Trade Commission’s request for additional information regarding ConocoPhillips’ $17.1 billion acquisition of rival Marathon Oil is likely to delay the transaction. Other recent energy M&A deals have faced similar “second requests” from the FTC.
US FTC to Delay Decision on Chevron-Hess Deal During Exxon Arbitration, Bloomberg Reports
The FTC plans to delay its decision whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg News reported on July 11.
Crescent-SilverBow Deal Leaps Last FTC Hurdle
The ending of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act satisfies an important condition needed to complete Crescent Energy Co.’s acquisition of SilverBow Resources.
SLB: ‘As Expected’ ChampionX Deal to Undergo More Regulatory Review
Aggressive enforcement by the Department of Justice and Federal Trade Commission has delayed multiple high-profile, multibillion dollar oil and gas deals, with SLB’s ChampionX deal the latest.
‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
Watching the Uinta: XCL Petitions the FTC to Approve Altamont Acquisition
XCL Resources' petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.
From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges
The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
FTC Strikes Again: Diamondback’s $26B Endeavor Merger Delayed
Diamondback Energy, which was nearing the end of a regulatory review period of its merger with Endeavor Energy Resources, is the latest E&P to see a deal postponed by the Federal Trade Commission.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.