By Paul Sankey
Published on May 22, 2024 at 8:58 AM
Hess for Chevron sale shareholder vote Is next week 5/28 Source: Sankey Research, companies for logos Understood that Hess has a high level of passive ownership, around 30%, and insider ownership, around a further ~10% controlled by John Hess. It was therefore seen as a relatively straightforward vote that would be approved, until ISS recommended shareholders vote “Abstain” NOT “Yes”. But ISS seemed to be backward looking, disapproving the deal as agreed, rather than looking …
Read More
By Paul Sankey
Published on May 13, 2024 at 4:08 PM
05/13/2024 13:43:08 *CHEVRON HITS SESSION LOW AFTER ISS SAYS ABSTAIN ON HESS VOTE 05/13/2024 14:38:37 *HESS INVESTOR HBK SAYS IT WILL ABSTAIN IN CHEVRON MERGER VOTE We were chatting to Hess at lunchtime, the company on a sellside ring-around presumably to drum up support for the upcoming May 28th shareholder vote on the CVX deal. One obvious niggling question at lunchtime today, was whether the shareholder vote services would recommend a vote for the deal, …
Read More
By Paul Sankey
Published on March 2, 2024 at 6:35 PM
From left field, ExxonMobil threw a wrench in the Chevron deal for Hess, a deal which we love from Chevron’s point of view. At the time, we were working on a look at Chevron in the Permian, and this is that note. First, the anaconda in the room: Source: Sankey Research Word on the street this week has been that ExxonMobil wants to buy all of Hess, but is currently prevented from making a move …
Read More
