Chevron Secures Shareholder Support for $53 Billion Takeover of Hess

Tuesday, 28 May 2024, 18:57

Chevron's $53 billion acquisition of Hess takes a significant step forward as Hess investors vote in favor of the deal. The acquisition is still pending completion of an FTC investigation and resolution of an arbitration process involving Exxon. With shareholder backing secured, Chevron is poised to strengthen its position in the energy market through the acquisition of Hess.
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Chevron Secures Shareholder Support for $53 Billion Takeover of Hess

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.


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