Chevron and Hess Merger Approved by FTC

Chevron’s merger with Hess has received approval from the Federal Trade Commission (FTC). This significant development allows Chevron to move forward with its plans to integrate Hess into its operations, a move that is expected to enhance the company’s position in the energy market. The merger had undergone a thorough review process, but the FTC ultimately concluded that it would not negatively impact competition in the industry. This decision marks a pivotal moment for Chevron as it continues to expand its portfolio and strengthen its presence in the sector.