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Reuters

Reuters

Chevron agrees Hess CEO will not join board in deal with US regulator, Bloomberg News reports

Reuters
Summary
Nutrition label

74% Informative

U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board.

The proposed all-stock acquisition, first announced in October , is one of the biggest in the oil and gas industry.

Exxon and CNOOC Ltd , partners of Hess in the Guyana joint venture, are challenging the deal by claiming a right of first refusal to any sale of Guyana assets.

VR Score

85

Informative language

93

Neutral language

14

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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