Chevron Corporation has successfully cleared the Federal Trade Commission (FTC) antitrust review for its merger with Hess Corporation, as announced on September 30, 2024. This marks a significant step towards completing the merger, which is expected to benefit shareholders, the industry, and Guyana, where Chevron plans to continue social investments and government relations through the advisory role of Hess CEO John Hess. The merger, initially agreed upon on October 22, 2023, is still subject to other closing conditions, including the resolution of ongoing arbitration regarding preemptive rights in the Stabroek Block joint operating agreement. Hess shareholders have already approved the merger agreement in May 2024. The merger will result in Hess becoming a direct, wholly owned subsidiary of Chevron, with the transaction expected to enhance Chevron's portfolio with world-class assets.

Chevron Corporation has successfully cleared the Federal Trade Commission (FTC) antitrust review for its merger with Hess Corporation, as announced on September 30, 2024. This marks a significant step towards completing the merger, which is expected to benefit shareholders, the industry, and Guyana, where Chevron plans to continue social investments and government relations through the advisory role of Hess CEO John Hess. The merger, initially agreed upon on October 22, 2023, is still subject to other closing conditions, including the resolution of ongoing arbitration regarding preemptive rights in the Stabroek Block joint operating agreement. Hess shareholders have already approved the merger agreement in May 2024. The merger will result in Hess becoming a direct, wholly owned subsidiary of Chevron, with the transaction expected to enhance Chevron's portfolio with world-class assets.