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FTC Bars Hess CEO from Chevron Board
Chevron-Hess Merger Advances, FTC Blocks John Hess' Board Role
CVX's merger with Hess clears FTC review but John Hess steps into an advisory role after the FTC blocks his board appointment over OPEC-related concerns.
Evidence CEOs tried to illegally boost oil prices grows as FTC bars Hess from Chevron’s board
Hess Corp. CEO John Hess won’t be joining Chevron’s 12-person board of directors, even assuming the companies close their $53 billion deal, currently mired in arbitration, under a Federal Trade Commission (FTC) consent order made public today.
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.
Fintel on MSN
20h
Wolfe Research Upgrades Hess (HES)
Fintel reports that on September 30, 2024, Wolfe Research upgraded their outlook for Hess (NYSE:HES) from Peer Perform to ...
11d
Hess Midstream: Insider Sales Continue
An analysis of insider sales and upsized stock offering at Hess suggests potential pricing weakness, increased risk due to ...
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Chevron
New York Stock Exchange
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