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Chevron-Hess merger closes after arbitrator rules in favor of Chevron

( July 18, 2025, 13:55 GMT | Official Statement) -- MLex Summary: Chevron Corporation finalized its acquisition of Hess Corporation "following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset," according to a press release. "In addition, on July 17, 2025, the Federal Trade Commission (FTC) lifted its earlier restriction, clearing the way for John Hess to join Chevron’s Board of Directors, subject to Board approval," the release said.See press release below. ...

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