The head of Exxon's shale oil and gas business has been arrested on allegations of sexual harassment and will not continue with work responsibilities as the investigation proceeds.
A senior vice president of Exxon and the head of the company's shale operations, David Scott, has been arrested on allegations of sexual harassment. 'We are aware of the allegations and cannot comment on a personal matter; however, we can say that this individual will not continue work responsibilities as the investigation proceeds,' Exxon spokeswoman Emily Mir, as quoted by Reuters.
This would be the biggest deal for Exxon since the merger with Mobil back in the 1990s and would make the supermajor the dominant producer in the Permian. Pioneer, according to the reports, has a market cap of about $50 billion. Exxon, for its part, has a market cap of $436 billion and a lot of cash to spend on industry consolidation after the record-breaking 2022.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Shocking’ Richarlison miss leaves Tottenham boss Ange Postecoglou and talkSPORT pundit astounded...Richarlison squandered a wonderful chance to give Tottenham an early lead against Luton by missing from just yards out. Two minutes into their clash at Kenilworth Road, live on talkSPORT, Dejan Kul…
Read more »
Wales boss Rob Page makes Brennan Johnson vow after Nottingham Forest complaintLatest Nottingham Forest news as Wales boss Rob Page talks about Brennan Johnson and his injury situation after his transfer to Tottenham
Read more »
Everton dish out lesson in when to do your talking as Bournemouth boss toldEverton final whistle talking point after the 3-0 win against Bournemouth in the Premier League at Goodison Park
Read more »
Nottingham Forest boss Steve Cooper names his team to face Crystal PalaceLatest Nottingham Forest news as Reds prepare to face Palace in Premier League clash at Selhurst Park without key man up front
Read more »
Derek McInnes rips in to 'poor' Reo Hatate for penalty claimThe raging Kilmarnock boss reckons Celtic's second goal at Parkhead should not have stood.
Read more »