FTC Bars Hess CEO from Chevron Board
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant could acquire the smaller company as long as the chief executive of Hess did not join its board.
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
Key Takeaways Chevron's $53 billion acquisition of Hess cleared a regulatory hurdle Monday as the Federal Trade Commission (FTC) completed its review of the deal.However, the FTC barred Hess CEO John Hess from joining Chevron's board.
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.
Hess CEO barred from Chevron board over FTC price collusion allegations
The FTC cited John Hess' participation in public meetings as well as private communications regarding oil supply with officials at OPEC, including OPEC
FTC Release: FTC Order Bans Hess CEO from Chevron Board in Chevron-Hess Deal
The Federal Trade Commission is taking action to resolve antitrust concerns related to Chevron Corporation's acquisition of rival oil producer Hess Corporation by approving a proposed consent order that would prohibit Chevron from appointing Hess CEO John B.
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,
FTC clears Chevron’s $53bn merger with Hess
As a condition of the approval, the Federal Trade Commission (FTC) has stipulated that Hess CEO John B Hess will not join Chevron's board of directors.
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.
FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board
Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of OPEC member states.'
Chevron to Sell Oil Sands, Shale to Canadian Natural Resources in $6.5 Billion Deal
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Hess Corporation: Time Value Clock Is Ticking While Management Remains Silent
Hess Corporation's merger with Chevron faces delays due to Exxon Mobil's first refusal rights. Read more to see my ...
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Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion
Chevron Corp. agreed to sell its stakes in some oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 ...
FTC to approve Chevron-Hess megadeal with major condition (updated)
The FTC will approve Chevron's acquisition of Hess with one major condition. But that doesn't mean the deal will close ...
Chevron Sells $6.5B Assets To Canadian Natural Resources: Details
Chevron and Canadian Natural Resources reached a $6.5 billion deal for Chevron's stake in oil and gas projects, part of ...
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FTC set to greenlight Chevron's $53 bln buy of oil rival Hess, sources say
Sept 23 (Reuters) - The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's (CVX.N), opens new tab purchase of Hess (HES.N), opens new tab as soon as this week, two ...
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Chevron to Sell Oil Sands, Shale Assets to Canadian Natural for $6.5 Billion — Update
Chevron also is working to close a $53 billion deal to buy Hess, the latest megamerger among U.S. producers taking advantage of strong crude prices and securing future oil reserves. Chevron said ...