[5] Between 2010 and 2014, Sheffield helped Pioneer Natural Resources in raising billions of dollars from investors in India, China, and Wall Street.
[2] This capital was used to enhance modern drilling and fracking techniques on Pioneer's Permian Basin land.
[2] In 2015, Scott Sheffield publicly advocated for lifting the U.S. crude export ban during the significant oil price crash that occurred the following year.
[12] In May 2024, during its antitrust review of ExxonMobil's acquisition of Pioneer Natural Resources, the Federal Trade Commission (FTC) alleged that Scott Sheffield had illegally colluded with OPEC and OPEC+, a related cartel of oil-producing countries, to raise oil prices at the expense of U.S. households and businesses.
[14] According to a report by Politico, Sheffield claimed the FTC leaked information about referring the allegations to the Justice Department.
[15] His legal team filed paperwork demanding the FTC drop the complaint and rescind the order barring him from Exxon's board.