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2024 Report on Ethanol Market Concentration
51±¾É«Issues Annual Report on Ethanol Market Concentration 2024
Chevron Corporation and Hess Corporation; Analysis of Agreement Containing Consent Order To Aid Public Comment
Chevron/Hess, In the Matter of
The 51±¾É« took action to resolve antitrust concerns related to Chevron Corporation’s acquisition of rival oil producer Hess Corporation by approving a proposed consent order that would prohibit Chevron from appointing Hess CEO John B. Hess to its Board of Directors.
The FTC’s complaint alleges that Mr. Hess communicated publicly and privately with the past and current Secretaries General of the Organization of Petroleum Exporting Countries (OPEC) and an official from Saudi Arabia. In these communications, Mr. Hess stressed the importance of oil market stability and inventory management and encouraged these officials to take actions on these issues and speak about them at different events, the complaint alleges.