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Stock impact report

UPDATE 1-Hess sets May 28 shareholder vote on Chevron buyout [Yahoo! Finance]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: Yahoo! Finance
vote on Chevron Corp 's $53 billion buyout offer, the company said in a securities filing on Friday. Chevron last October offered to acquire Hess Corp in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields. The deal has been stalled by a regulatory review and challenged by Exxon Mobil, which has filed an arbitration claim that could block the deal. The CEO of the no. 2 U.S. oil producer said on Friday said the company expects to certify in coming weeks it has substantially complied with the Federal Trade Commission's second request for information. "We believe that a preemption right does not apply to this transaction and are confident this will be affirmed in arbitration," CEO Michael Wirth said in a conference call with analysts earlier in the day. (Reporting by Gary McWilliams) Show less Read more
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