⚖️Chevron and Hess Petition FTC to Reopen Antitrust Order
Petition of Chevron Corporation and Hess Corporation To Reopen and Set Aside Order
Summary
Chevron Corporation and Hess Corporation (collectively, the "Respondents"), have asked the Federal Trade Commission ("FTC" or "Commission") to reopen and set aside the Commission's Decision and Order entered on January 17, 2025, concerning Chevron's acquisition of Hess. Publication of Respondents' petition is not intended to affect its legal status or its final disposition.
Agencies
- Federal Trade Commission
Business Impact
$$$ - High
The petition by Chevron and Hess to reopen and set aside the FTC's Order directly affects antitrust regulations and corporate governance. The implications for business owners and executives relate to compliance with future mergers and acquisitions, board appointments, and the broader energy market dynamics. The May 12, 2025, comment deadline emphasizes the need for stakeholder engagement.