Publication date:
May 31, 2024
Trump's Pledge to Expedite Oil Merger Deals
Former President Trump assures oil industry leaders of fast-tracking merger approvals during a closed-door fundraiser.
Oil
During a recent fundraiser in Houston, oil executives voiced concerns over delays in FTC approvals for oil deals and excessive information demands. Vicki Hollub, CEO of Occidental Petroleum, highlighted delays in the $12 billion CrownRock acquisition due to extensive government data requests. Trump's commitment to streamlining merger processes raised industry expectations and concerns.
