Hess shares fall, Chevron pares gains, as merger review delayed by FTC
** Shares of oil and gas company Hess HES.N turn negative, fall 0.3% to $147.22 from $149.27 in afternoon trade; Chevron CVX.N trading flat at $155.09, earlierat $156.68
** Bloomberg News reports that U.S. Federal Trade Commission plans to delay its decision of whether to block Chevron-Hess's $53 billion merger until after an arbitration case with Exxon Mobil XOM.N is settled
** CVX and XOM are in talks on Exxon's claim it has a right to first refusal of any sale of the Stabroek block, a giant field off the coast of Guyana that contains at least 11 billion barrels of oil
** Exxon operates all production in Guyana with a 45% stake in the consortium, with Hess and China's CNOOC 0883.HK as its minority partners
** YTD, HES up 2.3% while CVX up 4.2%
Reporting by Seher Dareen in Bengaluru
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