Reported about 11 hours ago
The U.S. Federal Trade Commission (FTC) has finalized a consent order addressing antitrust concerns related to Chevron's $53 billion acquisition of Hess, which includes a ban on CEO John Hess from joining the new board due to alleged communications with OPEC. While the merger has passed the FTC's review, it still faces a challenge from Exxon Mobil, with a decision expected from a three-judge arbitration panel in May.
Source: YAHOO