Every quarter the merger is delayed, its shareholders lose the chance for a dividend payment from Chevron -- a major incentive since Chevron's dividend is four times bigger than the Hess payout.

Hess Corp. stockholders voted in favor of the company’s merger with Chevron Corp. during Hess’ May 28 special meeting.

Chevron's $53B merger with Hess facing delays due to arbitration with Exxon and CNOOC. FTC may approve deal this week, but final decision expected by Sept 2025.

Hess Corp.'s planned $53 billion sale to Chevron Corp.—which could close imminently if an arbitration panel rejects a ...

Chevron has successfully cleared a key hurdle in its proposed $53bn all-stock merger with Hess, having received approval from the FTC after an antitrust review.

Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.

This article John Hess Blocked From Joining Chevron Board As Part Of FTC Deal For Antitrust Approval Of $53B Chevron-Hess Merger: Report originally appeared on Benzinga.com.

Chevron-Hess Merger Moves Forward, But Delays Persist The FTC approval is a key step in finalizing the merger between the two oil giants, which was approved by Hess shareholders in May.