FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board

Oil company scion John Hess allegedly 'communicated publicly and privately with OPEC representatives and oil ministers of OPEC member states.'

By: International Business Times

Nov 01 2024
1
3592 Views

FTC Says Hess CEO Encouraged OPEC To Raise Prices, Bans Him From Chevron Board — FTC Says Hess CEO Encouraged O

U.S. regulators on Monday accused Hess Corp. CEO John Hess of encouraging OPEC to raise oil prices, banning him from joining Chevron's board of directors as a condition of approving the companies' $5… [+2426 chars]

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