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Chevron, FTC and Hess
Hess CEO’s OPEC Communication Disqualifies Him From Chevron Board, FTC Says
US regulators will allow Chevron Corp. to move forward with its $53 billion acquisition of Hess Corp. but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC.
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged OPEC representatives to take action that supports higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.
FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board
Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of OPEC member states.'
18h
John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
1h
on MSN
The FTC Is Delaying Big-Oil Mergers. It’s Not Stopping Deals From Closing.
The regulatory scrutiny has delayed several deals for months. But experts said the delays aren’t having a noticeable impact ...
Hosted on MSN
20h
U.S. Regulator Officially Approves Chevron’s (NYSE:CVX) Acquisition of Hess Corp. (NYSE:HES)
The U.S. Federal Trade Commission (FTC) has officially approved oil major Chevron’s ($CVX) $53 billion acquisition of rival ...
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