Chevron Secures Shareholder Support for $53 Billion Takeover of Hess
Tuesday, 28 May 2024, 18:57
Chevron's Acquisition of Hess
Chevron has cleared a major hurdle in its $53 billion acquisition of Hess after receiving approval from shareholders. The deal is being closely watched and is currently undergoing an FTC investigation and arbitration process related to Exxon.
Key Points:
- Hess investors vote in favor of the acquisition
- Acquisition remains subject to an FTC investigation and an arbitration process involving Exxon
The acquisition of Hess by Chevron is a significant move that could impact the energy market landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.