Hess, Chevron
FTC Plans to Block Hess CEO from Chevron Board
John Hess would be prevented from Chevron’s board as part of deal for antitrust approval of a Hess-Chevron merger.
Chevron Agrees Hess CEO Won’t Join Board in Deal With FTC
Chevron Corp. agreed that Hess Corp. Chief Executive Officer John Hess won’t join the company’s board as part of an agreement with the US Federal Trade Commission allowing the companies’ merger to proceed,
FTC Bars Hess CEO From Chevron Board Seat as Condition of Deal, Say Sources
HOUSTON (Reuters) -U.S. antitrust regulators will bar Hess CEO John Hess from taking a board seat as a condition of its go-ahead of oil producer Chevron's $53 billion purchase of Hess, people close to the matter said.
Reports: FTC to approve Chevron-Hess megadeal with major condition
The FTC will approve Chevron's acquisition of Hess with one major condition, reports say. But that doesn't mean the deal will close anytime soon.
US FTC close to approving Chevron’s $53bn acquisition of Hess
The deal's success now hinges on overcoming a challenge from ExxonMobil, which, alongside CNOOC, is contesting the merger.
FTC Bars Hess CEO From Joining Chevron Board in Merger
The Federal Trade Commission has said Hess Corp’s CEO must not join the board of Chevron if the two companies want the merger to go ahead.
Chevron-Hess Merger Could Soon Get FTC Approval: Report
Chevron's $53B merger with Hess facing delays due to arbitration with Exxon and CNOOC. FTC may approve deal this week, but final decision expected by Sept 2025.
Chevron will leave John Hess off its board to win merger approval
Chevron will agree to exclude the chief executive of Hess from its board if required by US regulators in order to get the merger of the two companies approved, said people familiar with the matter. The US’s second-biggest oil company had planned to appoint John Hess a director as part of its $53bn acquisition of his company,
Chevron Set to Get FTC Green Light for Hess Deal
The FTC is expected to approve Chevron's $53 billion acquisition of Hess despite earlier challenges from Exxon and concerns from Democrats about higher gas prices.
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) with the U.S. Federal
Chevron agrees Hess CEO will not join board in deal with FTC - Bloomberg
CEO John Hess will not join the merged company's board as part of an agreement with the U.S. Federal Trade Commission that would allow the companies planned merger to proceed, Bloomberg reported Thursday.
FTC Set to Greenlight Chevron's $53 Billion Buy of Oil Rival Hess, Sources Say
The FTC required Exxon to withdraw its offer of a board seat to Pioneer Natural Resources CEO Scott Sheffield as a condition ...
FTC set to greenlight Chevron bid for oil rival Hess
The US Federal Trade Commission (FTC) is expected to greenlight American oil producer Chevron’s purchase of Hess as soon as ...
Reuters4d
FTC set to greenlight Chevron's $53 bln buy of oil rival Hess, sources say
The proposed merger was first announced last October, and the FTC sent a second information request to Chevron two months later. Hess shares were up as much as 3% in after-hours trading on Monday ...
Business Times4d
US FTC set to greenlight Chevron’s US$53 billion buy of oil rival Hess: sources
THE US Federal Trade Commission (FTC) is expected to greenlight US oil producer Chevron’s purchase of Hess as soon as this ...