FTC Bars Hess CEO from Chevron Board
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.
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.
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 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.
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
Alaska Dispatch News3h
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Chevron Corp. stock falls Friday, underperforms market
Shares of Chevron Corp. CVX slumped 0.34% to $150.74 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.90% to 5,751.07 and ...
Chevron Commits $250,000 to Hurricane Helene Relief and Recovery Efforts
Chevron Corporation (NYSE: CVX) today announced a donation of $250,000 to support immediate relief and recovery efforts after ...
EPA Says It Plans to Withdraw Approval for Chevron’s Plastic-Based Fuels That Are Likely to Cause Cancer
The decision comes after a ProPublica investigation revealed that the EPA had found that one of the fuels had a cancer risk ...
Honeywell, Chevron to team up for AI breakthrough in refining processes
Honeywell (NASDAQ:HON) and Chevron (CVX) unveiled a collaboration Tuesday aimed at enhancing refining operations with ...
Why Top Oil Stocks Like ExxonMobil and Chevron Continue to Fall Despite China's Stimulus and Interest Rate Cuts
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
Chevron donates $2.5 million to Midland athletic complex
On Tuesday, Chevron announced its plans to donate $2.5 million toward the development of the Midland Athletic Syndicate ...
Construction Dive1d
Chevron decision may lead to environmental suits, permit delays
The Loper Bright and Corner Post rulings could open the National Environmental Policy Act, OSHA’s heat standard and other regulations to challenges, legal experts say.