F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
WEB1 day ago · The Federal Trade Commission called out the chief executive of Hess, John B. Hess, for praising OPEC, which coordinates oil output in ways that would be illegal in the United States.
Hess CEO’s OPEC Communication Disqualifies Him From Chevron …
WEB1 day ago · CVX. XOM. (Bloomberg) -- 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 ...
Hess CEO’s OPEC Communication Disqualifies Him From Chevron …
WEBThe Hess family’s stake in the company founded by John Hess’ father almost a century ago is worth about $5 billion under the terms of the takeover agreement announced in October. Hess, 70 ...
FTC Order Bans Hess CEO from Chevron Board in Chevron-Hess …
WEB1 day ago · Merger. oil and gas competition. Energy. 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. Hess to its Board of Directors.
FTC Cites OPEC in Barring John Hess from Chevron’s Board (2)
WEBUS regulators will allow Chevron Corp. to move forward with its $53 billion acquisition of Hess Corp. but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC.. The US Federal Trade Commission said in a statement Monday that Hess communicated with members of the cartel and its allies, encouraging them to stabilize oil ...
Hess CEO disqualified from Chevron board in merger, FTC Says
WEB1 day ago · The Hess family’s stake in the company founded by John Hess’ father almost a century ago is worth about $5 billion under the terms of the takeover agreement announced in October.
FTC clears Chevron-Hess deal, bans John Hess from board
WEB1 day ago · The FTC on Monday alleged that John Hess encouraged OPEC representatives to draw down inventories, which would result in higher oil prices. Hess Corp. and Chevron have agreed that they will not ...
US FTC allows Chevron-Hess deal, bars John Hess from board
WEB1 day ago · The FTC alleged that Hess -- the son of Hess Corp founder Leon Hess -- had communicated publicly and privately with members of the Organization of the Petroleum Exporting Countries (OPEC) group of ...
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From …
WEB1 day ago · 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.
John Hess Is the Latest Target for Antitrust Enforcers. The Oil …
WEB1 day ago · John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy. Agency accuses Hess of improper talks with OPEC and will block him from joining board of Chevron, which is ...
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