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FTC bars Hess CEO from joining Chevron board following $53 billion deal on OPEC collusion accusations

FTC bars Hess CEO from joining Chevron board following $53 billion deal on OPEC collusion accusations

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Stu Turley
Oct 01, 2024
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Energy News Beat
Energy News Beat
FTC bars Hess CEO from joining Chevron board following $53 billion deal on OPEC collusion accusations
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Chevron

(Bloomberg) – U.S. regulators will allow Chevron to move forward with its $53 billion acquisition of Hess but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC.

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