Former CEO Scott Sheffield potentially facing criminal charges for suggesting oil production coordination

Scott Sheffield, former CEO of Pioneer Natural Resources, potentially facing criminal charges for suggesting coordination to drill less oil, barred from Exxon board, facing FTC referral to Justice Department. FTC expanding criminal referral program. Industry focus on capital discipline. Merger approval used as tool to punish unrelated behavior. CEOs getting raises despite economic challenges. Apollo making significant loans. Warner Bros. Discovery CEO working to retain NBA television rights amidst competition.