Summary by Moomoo AI
On March 18, 2024, Chevron Corporation received a letter from the United States Securities and Exchange Commission (SEC) regarding its Registration Statement on Form S-4, initially filed on February 26, 2024. The SEC conducted a limited review and provided comments requiring Chevron to amend the registration statement and furnish additional information. The SEC's inquiries included requests for clarification on Hess Corporation's decision not to seek other transaction counterparties besides Chevron, details on the strategic alternatives considered by Hess's board, and the basis for the board's belief that Chevron offered superior value compared to other potential transactions. Additionally, the SEC requested updates on the status of the Federal Trade Commission (FTC) review, approvals from Guyanese authorities, and any arbitration or litigation...Show More