Chevron, Hess Corporation
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged OPEC representatives to take action that supports higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant can acquire the smaller company as long as the chief executive of Hess does not join its board.
Hess CEO’s OPEC Communication Disqualifies Him From Chevron Board, FTC Says
US regulators will allow Chevron Corp. to move forward with its $53 billion acquisition of Hess Corp. but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC.
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
The FTC cleared Chevron's $53 billion acquisition of Hess but barred CEO John Hess from joining Chevron's board after the merger, citing concerns about his previous communications with OPEC officials.
US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
Hess Announces HSR Clearance Of Chevron-Hess Merger
NEW YORK, September 30, 2024 -- ( BUSINESS WIRE )--Hess Corporation (NYSE: HES) today announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction.
FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board
Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of OPEC member states.'
US FTC approves Chevron-Hess merger — with a catch
Chevron’s proposed $53 billion merger with Hess has been cleared by the US Federal Trade Commission (FTC), though the regulatory agency is blocking Hess chief executive John Hess from joining the Chevron board over conversations it alleges he had with Opec officials about influencing crude oil prices abroad.
Chevron-Hess Merger Clears FTC Antitrust Review
Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company’s merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction.
FTC Plans to Block Hess CEO from Chevron Board
John Hess would be prevented from Chevron’s board as part of deal for antitrust approval of a Hess-Chevron merger.
Hess upgraded at Wolfe on potential merger outcomes, Guyana resource boost
Wolfe Research raises Hess to Outperform, citing potential merger outcomes and Guyana resource visibility boost.
FTC set to greenlight Chevron bid for oil rival Hess
The US Federal Trade Commission (FTC) is expected to greenlight American oil producer Chevron’s purchase of Hess as soon as ...