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.
On Monday, Hess Corp (HES) stock saw a modest uptick, ending the day at $135.8 which represents a slight increase of $2.19 or 1.64% from the prior close of $133.61. The stock opened at $134.53 and ...
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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 ...
Hess admitted its CEO had indeed engaged with OPEC officials but that the interactions concerned ensuring an 'orderly energy ...
In a report released today, Ryan Todd from Piper Sandler maintained a Buy rating on Hess (HES – Research Report), with a price target of ...
Wolfe Research raises Hess to Outperform, citing potential merger outcomes and Guyana resource visibility boost.
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