US FTC Delays Decision on $53 Billion Chevron-Hess Deal Amid Exxon Arbitration

The U.S. Federal Trade Commission (FTC) plans to delay its decision on whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled. This decision, reported by Bloomberg, highlights the ongoing regulatory scrutiny in the U.S. oil industry. Additionally, ConocoPhillips and Marathon Oil have received a second request from the FTC for information regarding their proposed $22.5 billion deal.