Investors vote in favour of Chevron takeover

The transaction still needs to get past the US Federal Trade Commission. — Bloomberg

NEW YORK: Hess Corp shareholders have approved Chevron Corp’s US$53bil takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp over a key asset, according to people familiar with the move.

Hess shareholders approved the deal during a virtual meeting on Tuesday, according to the people who declined to be identified because the matter isn’t public yet.