FTC Permits Chevron-Hess Merger
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Hess CEO John HessReuters
•FTC allows Chevron-Hess deal, bars John Hess from board
78% Informative
The FTC 's order leaves Exxon Mobil's challenge to the deal as its final hurdle.
Exxon and Hess 's partners in a Guyana joint venture are challenging the deal.
A three -judge arbitration panel is due to consider the case in May 2025 .
The proposed all-stock acquisition is one of the largest in a consolidating U.S. oil and gas industry.
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