US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
As a condition of the approval, the FTC has stipulated that Hess CEO John B Hess will not join Chevron's board of ...
We cannot allow fossil fuel companies to gouge the American public in concert with OPEC while raking in record profits,” said one watchdog, calling for congressional hearings. Consumer advocates ...
On Monday, Chevron Corp (NYSE:CVX) announced that the Federal Trade Commission (FTC) completed an antitrust review of its ...
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