Hess, Chevron
Orange County Register · 6h
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.
U.S. News & World Report · 7h
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.
Upstream · 15h
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.
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