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International Business Times

Kiran Tom Sajan

Schumer Urges FTC To Halt Chevron-Hess $53B Merger Over Fear Of Gas Price Hike

Chevron FTC Hess Chuck Schumer Oil Chevron Corp Hess Corp The Federal Trade Commission Big Oil United States

US Senate Majority Leader Chuck Schumer (Credit: AFP)

Senate Majority leader Chuck Schumer has called on the Federal Trade Commission (FTC) to "pump the brakes" on Chevron Corp's proposed $53 billion acquisition of Hess Corp.

Schumer, who has previously advocated for heightened scrutiny of large-scale oil mergers, took to the social media platform X to urge the FTC to stop the deal.

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