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F.T.C. Clears Chevron's Purchase of Hess

The New York Times · 14h

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.

The Hill on MSN · 15h

Second oil company CEO conspired with OPEC to keep prices high, FTC charges

On Monday, the Federal Trade Commission (FTC) filed a complaint against John B. Hess, CEO of Hess Corporation, accusing him of secretly communicating with the Organization of Petroleum Exporting Countries (OPEC). Hess’s company had sought a $53 billion ...

Orange County Register · 8h

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.

15h

FTC Warns of Oil-Patch Collusion. Energy Executives See Political Smear.

The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...

17h

FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess

Chevron and Hess merger clears FTC antitrust review, but Hess CEO John Hess will not join Chevron board. Chevron CEO ...

TipRanks on MSN3d

M&A News: Chevron’s (CVX) $53B Hess Merger Nears FTC Approval

Chevron Corp. ($CVX) is on the brink of obtaining regulatory clearance for its $53 billion acquisition of Hess Corp. ($HES) ...

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