FTC Set to Rule on $60 Billion Exxon-Pioneer Deal in Coming Days

The Federal Trade Commission is set to decide whether to sue to block Exxon Mobil Corp.’s $60 billion acquisition of Pioneer Natural Resources Co. in coming days, according to people familiar with the matter.

Exxon complied with the FTC’s second request for information at the beginning of April, triggering a 30-day period within which the antitrust agency must make a decision, said the people who declined to be named because the information is private. The timeline can be extended if regulators and the company agree to continue working on ironing out competition issues.

Exxon Chief Financial Officer Kathy Mikells ...