FTC confirms Chevron-Hess deal approval barring John Hess from board

Oil platform on the ocean. Offshore drilling for gas and petroleum

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Chevron (NYSE:CVX) and Hess (HES) said Monday the Federal Trade Commission completed an antitrust review of their proposed merger, and the companies confirmed that Hess CEO John Hess will not be appointed to the Chevron board; Hess shares +0.7%, Chevron +0.5%.

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