Hess Corporation unveiled in a press release on Monday that the United States Federal Trade Commission (FTC) approved the company's acquisition agreement with Chevron Corp., worth $53 billion."We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle,"...
Chevron Corp. is willing to leave Hess Corporation CEO John Hess out of its Board of Directors should that guarantee the merger deal between the two companies can be closed, the Financial Times reported on Thursday citing sources.A previous report from Reuters claimed that the United States...
Hess Corporation's shareholders agreed to a $53 billion acquisition by Chevron on Tuesday despite ongoing arbitration with Exxon Mobil over Guyana assets. The majority vote was cast in favor, though the exact tally was not disclosed.
The pending deal is at risk because Exxon claims a right of first...
Guyanese President Irfaan Ali expressed his favoritism for Chevron Corp. to take over Hess Corporation, for $53 billion, a deal that would allow it to take over Guyana's Stabroek Block oil project of which Hess owns 30%.In an interview with the Financial Times published on Monday, Ali noted it is...
United States Senate Majority Leader Chuck Schumer said on Sunday he is "sounding the alarm" against Chevron Corp.'s proposed acquisition of Hess Corp. The $53 billion agreement was announced in October 2023.
Schumer claimed the deal would "give Big Oil more fuel to raise gas prices" and...
Chevron Corp. said that its bid for a stake in an oil project in Guyana through the purchase of Hess Corporation for $53 billion could face uncertainty as Exxon Mobil and The China National Offshore Oil Corporation (Cnooc) have claimed they have the authority to preempt Chevron's offer.
In a...
The United States Federal Trade Commission (FTC) sent out a request to Chevron Corporation and Hess Corporation to ask for additional information and documents concerning the $53 billion merger agreement, the companies disclosed in a filing on Friday.
"I called on the @FTC to investigate...
Chevron Corp. shared on Monday in a press release that it will be taking over Hess Corporation, for $53 billion or $171 per share. The total enterprise value of the transaction is $60 billion, including net debt and book value of non-controlling interest."The acquisition of Hess upgrades and diversifies...
The exploration and development activities offshore Guyana is ongoing, as scheduled, according to Exxon Mobil Corp.'s statement issued on Wednesday. Two ships from the E&D project were blocked by Venezuela's navy on December 22, but the company today said the location in the...
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