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FTC, Chevron and of Hess
Chevron-Hess Merger Advances, FTC Blocks John Hess' Board Role
CVX's merger with Hess clears FTC review but John Hess steps into an advisory role after the FTC blocks his board appointment over OPEC-related concerns.
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.
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.
Yahoo Finance
7h
FTC clears Chevron’s $53bn merger with Hess
As a condition of the approval, the FTC has stipulated that
Hess
CEO
John
B
Hess
will not join
Chevron
's board of ...
12h
John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
Hosted on MSN
14h
U.S. Regulator Officially Approves Chevron’s (NYSE:CVX) Acquisition of Hess Corp. (NYSE:HES)
The U.S. Federal Trade Commission (FTC) has officially approved oil major Chevron’s ($CVX) $53 billion acquisition of rival ...
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