HES Sep 2024 110.000 call
- Business Wire
Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron
NEW YORK, May 28, 2024--Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron
- Reuters
Hess shareholders approve merger with Chevron
HOUSTON (Reuters) -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. The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass. Chevron offered to acquire Hess last October in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields.
- Reuters
Hess investors to vote on Chevron deal amid growing postponement calls
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 obtaining a better offer for their shares. The deal has been stalled in part by a regulatory review and clouded by an arbitration dispute with Exxon Mobil, which could push the deal's closing to 2025 or result in its termination. Chevron is counting on approval to win a foothold in oil-rich Guyana's lucrative offshore fields.
