Energy: Shareholders approve Hess sale, Conoco to buy Marathon

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Energy Sector Notícia

Conocophillips,Chevron,Hess

The energy sector is witnessing several high-stakes deals, with two major transactions reaching their final stages. Shareholders of Hess (HES) have voted to ...

Two major deals in the energy space has shareholders officially voting in favor of the $53 billion deal to sell the company to Chevron.And Conoco Phillips has agreed to acquire marathon oil in a $17.1 billion all stock deal.So first let's start out with the shareholders which voted to approve the buy out by Chevron that was highly anticipated.They have put out a statement.They also are anticipating that their preemption rights will be affirmed in arbitration.

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