Hess CEO Open to FTC Appeal Over Chevron Board Ban Next Year

GuruFocus.com03:06

Hess (HES, Financials) Chief Executive Officer John Hess said he might consider appealing the Federal Trade Commission's ban on his appointment to Chevron's (CVX, Financials) board after the incoming ...

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With a new administration in there, that's something we'll consider. Right now, we're focused on the integration, Hess said during the Wolfe Research Oil and Gas Conference.The merger was also delayed by a contract arbitration dispute between Hess's Guyana oil joint venture partners Exxon Mobil  and CNOOC . We've had a good discussion with Chevron on that, Hess Chief Financial Officer John Rielly said of a dividend hike during the wait. The merger deal requires Chevron's approval for substantial capital expenditures or acqui","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4581":"高盛持仓","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","BK4592":"伊斯兰概念","XOM":"埃克森美孚","LU1582986433.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1582987324.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1582987597.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) INC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","SG9999002521.SGD":"United Global Resources A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","HES":"赫斯","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","FTC":"First Trust Large Cap Growth Opp","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","CVX":"雪佛龙","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","BK4588":"碎股","BK4550":"红杉资本持仓","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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With a new administration in there, that's something we'll consider. Right now, we're focused on the integration, Hess said during the Wolfe Research Oil and Gas Conference.\nThe merger was also delayed by a contract arbitration dispute between Hess's Guyana oil joint venture partners Exxon Mobil (XOM, Financials) and CNOOC (CEO, Financials). We've had a good discussion with Chevron on that, Hess Chief Financial Officer John Rielly said of a dividend hike during the wait. The merger deal requires Chevron's approval for substantial capital expenditures or acquisitions.\nUp to 2030, Hess projected a 1 million daily increase in global oil demand. \nWe'll stick to the joint venture's stated plan of by the end of 2025, Hess said of the $10 billion Yellowtail project in Guyana. Drawing on Exxon Mobil's past of fulfilling timelines and budgets, he sided with the perspective of a July 2025 starting point.\nThe Chevron-Hess merger continues to face regulatory and contractual issues.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485212122"}