Hess, Chevron rise after FTC greenlights $53 bln deal
** Shares of energy company Hess Corp HES.N rises 1.2% to $135.21; Chevron CVX.N gains 0.8% to $146.68
** U.S. Federal Trade Commission (FTC) approves Chevron's $53 billion acquisition of Hess, but bars Hess CEO John Hess from the energy major's board
** FTC alleges Hess communicated with members of the OPEC and an official from Saudi Arabia and "encouraged his OPEC competitors to stabilize production and draw down inventories"
** "Mr. Hess's communications with competitors about global oil output and other dimensions of crude oil market competition disqualify him from serving on Chevron's Board of Directors," the regulator says in a statement
** FTC's go-ahead leaves Exxon Mobil's XOM.N arbitration claim as the last hurdle before the deal closes, which Exxon says could drag into 2025
** YTD, HES is down 6.3%, while CVX is down 1.7%
Reporting by Vallari Srivastava in Bengaluru
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