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FTC Wants More Info On Chevron's $53B Hess Deal

Law 360 M&A

The Federal Trade Commission has deepened its probe of a second megadeal in the oil and gas industry, asking for more information about Chevron's planned $53 billion purchase of Hess Corp., the companies said Friday.

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2024 M&A Outlook After a Rough Year for Deal Makers

NYT M&A

Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.

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Big Oil Gets Bigger as ESG Funds Are Falling Out of Favor

NYT M&A

Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products.

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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

NYT M&A

Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.

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Arnold & Porter Discusses Supreme Court Decision Easing Prosecution of Foreign States in U.S.

Reynolds Holding

But the Court’s decision still leaves foreign sovereigns and their companies with a number of other potential defenses against criminal prosecutions, and we expect to see those defenses litigated in the lower courts in the coming years. Halkbank is unlikely to be the last state-owned company to run afoul of the vast U.S.

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