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HES Dec 2024 105.000 put
- Reuters
Hess-Chevron merger vote appears ripe for narrow approval
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent the past month visiting or calling dozens of investors to gather support. The sale seemed all but certain last fall and Hess still appears poised to win, based on Reuters' interviews with large investors.
- Zacks
BP Halts Development Talks on Manakin-Cocuina Gas Project
BP's interest in the region is part of its broader strategy to boost natural gas production in Trinidad, where it has witnessed a significant decline.
- Zacks
Hess (HES) Faces Legal Hurdles Over Chevron Deal Disclosures
Hess (HES) faces three lawsuits alleging inadequate disclosures in its proposed $53 billion sale to Chevron, potentially delaying the strategic merger aimed at Guyana's offshore oil fields.
