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-7.4272133095806E-05 0.00103980986333917 0.000594177064765182 0.00014854426619119 0.000594177064765182 0.000891265597147773 0.00215389185977415 0.000816993464052178
Stock impact report

FTC clears Chevron-Hess deal, bans John Hess from board [CNBC]

Hess Corporation (HES) 
Last hess corporation earnings: 1/29 07:30 am Check Earnings Report
US:NYSE Investor Relations: hess.com/investors
Company Research 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 Show less Read more
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