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flag The FTC approved Chevron's $53bn acquisition of Hess Corp, pending conditions.

flag The FTC has approved Chevron's $53 billion acquisition of Hess Corporation, a significant step towards finalizing the merger. flag However, Hess CEO John Hess will not join Chevron's board due to concerns over potential OPEC collusion. flag He will act as an advisor on government relations in Guyana. flag Other conditions remain, including ongoing arbitration regarding preemptive rights in the Stabroek Block joint operating agreement. flag Hess shareholders approved the deal in May 2024.

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