Chevron, John Hess and FTC
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.
Evidence CEOs tried to illegally boost oil prices grows as FTC bars Hess from Chevron’s board
Hess Corp. CEO John Hess won’t be joining Chevron’s 12-person board of directors, even assuming the companies close their $53 billion deal, currently mired in arbitration, under a Federal Trade Commission (FTC) consent order made public today.
Chevron-Hess Merger Advances, FTC Blocks John Hess' Board Role
Chevron Corporation CVX and Hess Corporation HES announced that the Federal Trade Commission (“FTC”) had completed its antitrust review of the companies’ proposed merger. This is a significant step toward finalizing the deal.
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 senior officials at OPEC to draw down inventories, which would result in 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 confirms Chevron-Hess deal approval barring John Hess from board
Chevron (CVX) and Hess (HES) confirm completion of FTC antitrust review for merger, with Hess CEO not joining Chevron board.
The End of Chevron Will Be Messier Than Businesses Expect
It’s not a foregone conclusion that the results will benefit corporations, Nhat Nguyen writes in a guest commentary.
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Why Top Oil Stocks Like ExxonMobil and Chevron Continue to Fall Despite China's Stimulus and Interest Rate Cuts
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Chevron: Defensive Value Investment As Oil Drilling Falters On Demand Concerns
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Chevron Corporation (CVX): An Undervalued Wide Moat Stock to Buy According to Analysts
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Hess Announces HSR Clearance Of Chevron-Hess Merger
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 ...
Advisory: Chevron Corporation’s 3Q 2024 Earnings Conference Call and Webcast
Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference ...