Hess shareholders approve $53 billion Chevron deal amid Exxon dispute

News Snapshot:

Hess Corporation shareholders on Tuesday approved the New York-headquartered oil company's pending acquisition by Chevron for $53 billion, even as the timeline for when the deal may close has become increasingly murky with the companies locked in a dispute with Exxon Mobil . A majority of outstanding Hess shares voted in favor of the merger agreement, though the company did not immediately provide a tally of the vote. Hess' stock was little changed on the news. "We are very pleased that the majority of our stockholders recognize the compelling value of this strategic transaction and look forward to the successful...