Recent developments in the oil sector have once again caught the attention of market analysts and industry experts, as regulatory authorities exert their influence on corporate governance in leading global energy companies. The United States Federal Trade Commission (FTC) has taken a step toward reconsidering the ban on certain oil industry executives serving on the boards of giants such as Chevron and Exxon Mobil. This regulatory move follows requirements imposed by the Biden Administration as a prerequisite for these companies to acquire two additional oil producers.