Hess CEO to consider appealing FTC's board seat ban next year
Nov 20 (Reuters) -The CEO of oil producer Hess HES.N on Wednesday said he would consider appealing the Federal Trade Commission's ban on him taking a Chevron CVX.N board seat when the Trump administration takes office.
The FTC barred John Hess from joining Chevron's board as part of a consent order that allowed the proposed acquisition to go ahead. The $53 billion deal has been stalled by a contract arbitration challenge by Exxon Mobil XOM.N and CNOOC 600938.SS, Hess's partners in a Guyana oil joint venture.
The FTC imposed the ban citing his communications with oil producers' group OPEC efforts to restrain oil production.
In first public comments since the FTC order, Hess said in response to a question why he has not appealed the order that he and Chevron accepted the condition to get the needed approval for the combination.
But he added: "With a new administration in there, that's something we'll consider. Right now, we're focused on the integration" of the two companies, he said in remarks at the Wolfe Research Oil and Gas Conference.
Reporting by Sourasis Bose in Bengaluru; writing by Gary McWilliams
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