By Sheila Dang HOUSTON (Reuters) -Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades. It is vindication for …
The clash between North America’s biggest energy producers was unprecedented in the modern history of Big Oil, an industry in which companies routinely partner with each other to minimize project risk and share costs. Exxon, which operates and owns 45% of …
Today, the Federal Trade Commission reopened and set aside the final consent order involving Chevron Corporation’s proposed acquisition of Hess Corporation. The January 2025 final consent order prohibited Chevron from nominating, designating, or appointing …
Chevron has effectively reached its long-term production goal of 1 million barrels of oil equivalent per day (boe/d) in the Permian Basin—and from here, it’s shifting gears. According to Bruce Niemeyer, president of Chevron’s shale business, the …
The U.S. Federal Trade Commission reversed on Thursday an earlier order that barred Hess Corp. CEO John Hess as a condition to the oil giant acquiring his company for $53 billion. ExxonMobil is locked in a dispute with Hess over a large oilfield in Guyana. …
WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday reversed a previous order that had barred Hess Corp CEO John Hess from the board of directors at Chevron as a condition of the oil giant's pending $53 billion acquisition of his …
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