The Federal Trade Commission (FTC) has finalized a consent order addressing antitrust issues related to Chevron Corporation's acquisition of Hess Corporation. The final order concludes charges brought by the FTC in September 2024.

According to the order, Chevron is restricted from nominating or appointing Hess CEO John B. Hess to its board. Furthermore, with specific exceptions, Chevron cannot allow John Hess to serve as an advisor or consultant for the company.

However, the final order permits Chevron to engage with John Hess solely for interactions involving Guyanese government officials concerning oil and health ministry activities in Guyana and discussions related to the Salk Institute’s Harnessing Plants Initiative.

The decision followed a public comment period, resulting in a 3-2 vote by the Commission. Commissioners Melissa Holyoak and Andrew N. Ferguson opposed the approval. Chair Lina M. Khan provided a statement on this matter.

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