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F.T.C. Clears Chevron's Purchase of Hess

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.

The Hill on MSN · 1d

Second oil company CEO conspired with OPEC to keep prices high, FTC charges

On Monday, the Federal Trade Commission (FTC) filed a complaint against John B. Hess, CEO of Hess Corporation, accusing him of secretly communicating with the Organization of Petroleum Exporting Countries (OPEC). Hess’s company had sought a $53 billion ...

GlobalData on MSN · 15h

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.

22h

John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn’t Happy.

The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...

Alaska Native News13h

Gas Price Fixing Scandal Grows as Another US Oil Exec ‘Caught Colluding With OPEC’

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 ...

1don MSN

FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess

On Monday, Chevron Corp (NYSE:CVX) announced that the Federal Trade Commission (FTC) completed an antitrust review of its ...

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