Chevron Agrees Hess CEO Won't Join Board in Deal With FTC [Financial Post (Toronto, Ontario, Canada)]
Chevron Corporation (CVX)
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Source: Financial Post
Trade Commission allowing the companies' merger to proceed, people familiar with the matter said. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Chevron Corp. agreed that Hess Corp. Chief Executive Officer John Hess won't join the company's board as part of an agreement with the US Federal Trade Commission allowing the companies' merger to proceed, people familiar with the matter said. The condition allows Chevron to move forward with its $53 billion acquisition of Hess, said the people who asked not to named discussing non-public information. Chevron had previously said Hess would join its board once the deal was complete and become one of the company's biggest shareholders. To finalize the deal, however, Chevron and Hess still need to prevail in arbitration against Exxon Mobil Corp. and Cnooc Ltd., who claim a right-of-first-refusal on Hess' biggest asset — a 30% stake in a massive oil fiel
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News
- Chevron Co. (NYSE: CVX) had its price target lowered by analysts at Wells Fargo & Company from $196.00 to $169.00. They now have an "overweight" rating on the stock.MarketBeat
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CVX
Earnings
- 8/2/24 - Miss
CVX
Sec Filings
- 9/24/24 - Form SD
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- CVX's page on the SEC website