The United States FTC is expected to approve Chevron Corporation's (CVX.US) acquisition of Hess (HES.US) as early as this week.

According to reports, the Federal Trade Commission (FTC) is expected to approve Chevron Corporation's proposal to acquire Hess Corporation for $53 billion as early as this week. This would make Exxon Mobil Corporation the only obstacle to the deal. The proposed merger was first announced in October last year, and two months later, the FTC issued a second request for information to Chevron Corporation. Exxon Mobil Corporation and CNOOC are partners with Hess in building joint ventures in Guyana, and they have challenged the deal, claiming a right of first refusal for any sale of Hess's Guyana assets. An arbitration panel consisting of three judges will hear the case in May 2025, and a final decision may not be made until August or September 2025.