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FTC Clears Chevron-Hess Merger
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 Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
The FTC cleared Chevron's $53 billion acquisition of Hess but barred CEO John Hess from joining Chevron's board after the merger, citing concerns about his previous communications with OPEC officials.
FTC Bars Hess CEO from Chevron Board in $53 Billion Merger Over OPEC Ties
The Federal Trade Commission has prohibited Hess Corp CEO John Hess from joining Chevron’s board as part of the conditions for their $53 billion merger. The FTC alleged that Hess had communicated with OPEC over the years,
1d
on MSN
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 ...
16h
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 ...
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