Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts

Hess Corporation HES and Chevron Corporation CVX shares are trading higher on Tuesday. On Monday, the Federal Trade Commission (FTC) completed an antitrust review of the merger of both companies, satisfying a critical closing condition for the transaction. To facilitate the merger's completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board. Exxon Mobil Corp XOM and its partner CNOOC Ltd had earlier asserted their right of first refusal to any sale of Hess'stake in a G ...