Chevron-Hess merger clears FTC antitrust review; key closing condition satisfied

CHEVRON CORP

FTC accepted consent agreement on Sep 30, 2024, completing antitrust review.
John Hess will not join Chevron board but will serve as advisor on Guyana relations and Salk Institute initiative.
Merger still subject to satisfactory resolution of ongoing Stabroek Block arbitration.
Hess shareholders approved merger in May 2024; HSR waiting period expired July 1, 2024.

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