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- Zacks
Hess (HES) Faces Legal Hurdles Over Chevron Deal Disclosures
Hess (HES) faces three lawsuits alleging inadequate disclosures in its proposed $53 billion sale to Chevron, potentially delaying the strategic merger aimed at Guyana's offshore oil fields.
- Zacks
AI & Big Data in Energy: 3 Oil & Gas Stocks to Keep an Eye On
Investors are advised to monitor three leading energy stocks, namely Shell (SHEL), BP and Chevron Corporation (CVX), as they are leveraging AI and big data.
- Reuters
Hess facing three lawsuits over disclosures in Chevron deal
Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields. Hess shareholders are scheduled to vote on May 28 on the deal. The allegations regarding deficiency in disclosures "are without merit", the company said in a securities filing on Tuesday, but added that it was voluntarily supplementing the proxy statement "to moot plaintiffs' disclosure claims and to avoid nuisance, potential expense and delay".
