Chevron Corporation (NYSE:CVX) shares are trading higher on Monday. The oil giant’s merger with Hess Corporation (NYSE:HES) may see a ray of hope, with the deal reportedly expected to receive Federal Trade Commission approval sooner.
In May 2024, Hess shareholders approved the proposed $53 billion merger. However, the deal still required regulatory approval and was expected to face arbitration with Hess’ partners in Guyana, which could push the deal into 2025.
The U.S. Federal Trade Commission may approve Chevron’s $53 billion acquisition of Hess as early as this ...
