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Stock impact report

Hess sets May 28 shareholder vote on Chevron buyout [Reuters]

Hess Corporation (HES) 
Last hess corporation earnings: 1/29 07:30 am Check Earnings Report
US:NYSE Investor Relations: hess.com/investors
Company Research Source: Reuters
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," in a conference call with analysts earlier in the day. Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up Reporting by Gary McWilliams Our Standards: Show less Read more
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