Reported 4 months ago
Hess Corp. shareholders have voted in favor of Chevron Corp.'s $53 billion takeover despite concerns from some investors about a dispute with Exxon Mobil Corp. over an asset. The approval, led by Chief Executive Officer John Hess, is a significant victory for Chevron and CEO Mike Wirth, who aimed to acquire Hess and its 30% interest in a Guyanese field. The transaction still faces challenges from the US Federal Trade Commission and an arbitration case brought by Exxon, which may extend into 2025.
Source: YAHOO