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BREAKING NEWS: FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

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Entry posted by hemanthaa@mail.com · Tuesday at 01:14 AM

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The FTC could announce the decision as soon as this week, Reuters reported, citing people familiar with the matter. Chevron would still need to win an arbitration case filed by Exxon Mobil Corp. in order to close the deal. Hess’ biggest asset is a stake in a huge oil field offshore Guyana, controlled by ExxonMobil.

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