FTC clears Chevron-Hess deal, bans John Hess from board [CNBC]
Hess Corporation (HES)
Last hess corporation earnings: 1/29 07:30 am
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Source: CNBC
Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger. Chevron and Hess remain locked in a dispute with Exxon Mobil, which is claiming a right of first refusal over Hess' lucrative oil assets in Guyana. The Federal Trade Commission has banned Hess Corp . CEO John Hess from Chevron 's board as a condition for the oil companies' $53 billion merger to move forward. The FTC on Monday alleged that Hess encouraged senior officials at OPEC to draw down inventories, which would result in higher oil prices. “Mr. Hess's communications with competitors about global oil output and other dimensions of crude oil market competition disqualify him from serving on Chevron's Board of Directors,” Henry Liu, director of the FTC's Bureau of Competition, said in a statement Monday. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger, accord
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HES
News
- Exxon Mobil pulls out of talks with Guyana over shallow water oil block, gov says [Yahoo! Finance]Yahoo! Finance
- Hess to Participate in Wolfe Research Oil & Gas Conference [Yahoo! Finance]Yahoo! Finance
- Hess to Participate in Wolfe Research Oil & Gas ConferenceBusiness Wire
- Hess Co. (NYSE: HES) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Calumet Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
HES
Earnings
- 10/30/24 - Beat
HES
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- HES's page on the SEC website