Hess Corporation's shareholders have approved a $53 billion merger with Chevron. The vote, which took place on Tuesday, clears a significant hurdle for the merger, although it remains subject to regulatory approval. Despite the approval, the deal faces challenges, including a dispute with Exxon over assets in Guyana. Several large shareholders and Institutional Shareholder Services (ISS) had urged abstentions, reflecting ongoing concerns about the merger. The acquisition, which required majority approval from Hess's 308 million outstanding shares, is a strategic move for Chevron to expand its operations, particularly in oil-rich regions.
Chevron Corp. cleared the first major hurdle toward a $53 billion deal for Hess Corp. and its Guyana field, but both CEOs may want to keep their celebrations in check, writes @CrowleyKev https://t.co/tes0L4lK9z
Chevron Corp. cleared the first major hurdle toward a $53 billion deal for Hess Corp. and its Guyana field, but both CEOs may want to keep their celebrations in check, writes @CrowleyKev https://t.co/9dlSRSBdWp
"Chevron and Hess might look to cut a deal with Exxon — in the form of some sort of fee to bypass the right of first refusal — to get the takeover done." https://t.co/5UUbzQiIXH #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities https://t.co/AsgzS0HmIS
Hess Corp on Tuesday approved the company's $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. Hess closed up +0.44% and a further +0.22% in after-market trading. That makes 5.02% gains ytd. Chevron closed up +0.82% which…
Hess shareholders sign off on $53 billion sale to Chevron https://t.co/GHqtRsb2Ag https://t.co/LE8EP1JbWE
Hess shareholders approve Chevron’s $53 billion acquisition bid https://t.co/FQ6t17QBsM
Hess Shareholders Approve $53 Billion Merger With Chevron https://t.co/9Wa186xX3v
$HES $CVX Hess Corporation receives stockholder approval for proposed merger with Chevron Hess today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders…
$HES $CVX | Hess Shareholders Approve $53 Billion Merger With Chevron Hess shareholders approve the proposed $53 billion merger with Chevron on Tuesday. The deal still requires regulatory approval and will face arbitration with Hess' partners in Guyana which could push the deal… https://t.co/yvhRF4XBHU
Hess Investors Vote in Favor of $53 Billion Chevron Takeover Several large shareholders and ISS urged abstentions on vote Arbitration with Exxon over Guyana remains major roadblock #oott https://t.co/zWXVfXYI3x
Hess shareholders approve merger with Chevron https://t.co/UjPTD3HFXh
Hess Shareholders Approve Chevron's $53 Billion Acquisition Amid Exxon Dispute https://t.co/J3qQTARGJ2
Chevron deal clears hurdle as Hess investors back $53bn takeover https://t.co/O1zZ7NRIHU
Hess Wins Shareholder Vote for Chevron Deal https://t.co/9sUddgYiaq
Hess’s shareholders approved a $53 billion deal to sell the company to Chevron. A challenge by Exxon still threatens to sink the deal. https://t.co/1mvi2Eal3r https://t.co/1mvi2Eal3r
Hess Shareholders Greenlight $53 Billion Merger With Chevron Stockholders’ green light clears one hurdle for the tie-up to happen but challenge by Exxon makes final outcome uncertain https://t.co/1whrYAnxWC
Hess shareholders approve US$53-billion merger with Chevron https://t.co/SWRLK6RJ28
Hess’s shareholders on Tuesday voted to approve a $53 billion deal to sell the company to Chevron, clearing a hurdle for the companies to combine. https://t.co/9lG1kMnJbE via @WSJ
Hess’s shareholders on Tuesday voted to approve a $53 billion deal to sell the company to Chevron, clearing a hurdle for the companies to combine https://t.co/BC5huTUKsc
HESS CORPORATION APPROVES $53 BILLION MERGER WITH CHEVRON $HES announced that its stockholders have approved the $53 billion merger with $CVX. The merger, aimed at leveraging Hess's oil-rich Guyana fields, required majority approval from Hess's 308 million outstanding shares.…
Hess Investors Vote in Favor of $53 Billion Chevron Takeover https://t.co/BC6P1fugpg
Investors have officially approved the $53 billion acquisition of Hess by Chevron. The deal marks a significant move in the energy industry as Chevron continues to expand its operations. #Chevron #Hess #acquisition $CVX $HES
📣 JUST IN: $HES Hess Investors Approve $53 Billion $CVX Chevron Takeover $XOM 👉 Key Highlights: 📍 Hess Corp. shareholders approve Chevron’s $53 billion takeover. 📍 Several large shareholders and ISS urged abstentions. 📍 Dispute with Exxon over Guyanese asset remains… https://t.co/gh0D2ceqM4
Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron https://t.co/NS7p5FgpVT https://t.co/IrhOPnvoo7
Hess shareholders approved Chevron’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon over a key asset https://t.co/JmrJ3M5Q68
Hess shareholders approve merger with Chevron #oott https://t.co/De4Q6XBpA3
Hess investors to vote on Chevron deal amid growing postponement calls https://t.co/Z4yMKra6PQ
🔵 HESS INVESTORS TO VOTE ON CHEVRON DEAL AMID GROWING POSTPONEMENT CALLS Full Story → https://t.co/m5yOyfaoS9 Hess Corp shareholders will vote on Tuesday on Chevron's proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of… https://t.co/XHaxY8CTaL
Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty https://t.co/O3CzRUhcJa
Hess Corporation’s shareholders are set to vote on Tuesday on Chevron’s proposal to buy the company in a vote that’s too close to call amid a growing number of shareholders urging for postponement of the vote or saying they would abstain. https://t.co/XribJfbZ9n
Coming up: @dharnanoor with more on an alleged "deal" offer from Trump to big oil companies that could save industry $110 billion in exchange for campaign donations. Live at 10 on 93.9 FM, AM820 or @WNYC.org
Hess investors to vote on Chevron deal amid growing postponement calls #oott https://t.co/LaCKZWtOYX
Chevron may soon have operations in both Venezuela and Guyana. https://t.co/jvM4hbBp9x via @ft
Guyana’s president welcomes Chevron’s bid to buy into $150bn oil project ahead of a crunch vote by Hess shareholders on he controversial takeover bid https://t.co/Qh5CCxKdQU via @ft
Chevron-Hess Deal Vote Is Looking Like a ‘Coin Toss’ https://t.co/eiG2JBIAjc
Senate Finance chair Ron Wyden and Senate Budget chair Sheldon Whitehouse are investigating Trump's request that oil companies raise $1 billion in campaign cash and, in return, he would cut a "deal" on industry taxes and regulations. The Democrats have asked eight energy…