Hess shareholders approve US$53-billion merger with Chevron

, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess’ 308 million shares outstanding to pass. The company did not immediately provide the vote tally.

Chevron offered to acquire Hess last October in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. The deal has been stalled by an ongoing review by the U.S. Federal Trade Commission and clouded by an arbitration claim filed by Hess’ partner in Guyana, Exxon Mobil. Exxon’s arbitration could push the deal’s closing into 2025.

“Assuming Chevron wins the arbitration from Exxon or finds a settlement, the transaction is now going to happen,” said Mark Kelly, an analyst with financial firm MKP Advisors.Study and track financial data on any traded entity: click to open the full quote page. Data updated as of

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess mergerExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger'The FTC should side with consumers and pump the breaks on this deal,' Schumer said in a post on social media platform X, adding that the deal would give oil...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Sen. Schumer calls on FTC to stop Chevron merger with HessSenate Majority Leader Chuck Schumer has called on the Federal Trade Commission (FTC) to intervene in the proposed merger between Chevron (CVX) and Hess (HES...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Hess Investor HBK to Abstain in $53 Billion Chevron Merger Vote(Bloomberg) -- HBK Capital Management, one of the biggest shareholders in Hess Corp., is planning to abstain from voting on the oil company’s $53 billion...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »