Reported 14 days ago
The U.S. Federal Trade Commission is anticipated to soon approve Chevron's $53 billion takeover of Hess, with Exxon Mobil's disagreement remaining the final obstacle. The merger, originally announced last October, has faced scrutiny and challenges, particularly concerning Hess's assets in Guyana. Hess shares saw a modest increase following the news, while Chevron shares have been impacted by the uncertainty surrounding the deal.
Source: YAHOO