Schumer, Senate Democrats Call for Federal Probe of Exxon, Chevron Oil Deals
Senate Majority Leader Chuck Schumer (D-N.Y.) and 22 other Democratic senators are urging federal regulators to investigate two recent multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the pump. In a letter Wednesday to the Federal Trade Commission (FTC), the lawmakers said Exxon’s proposed $60 billion […]