Hess Corporation recently announced a significant regulatory development following its merger with Chevron. As part of the merger's consummation, Hess has requested the delisting of its shares from the New York Stock Exchange $(NYSE)$. The company has asked the NYSE to file a notification with the Securities and Exchange Commission $(SEC.UK)$ to report this delisting and to deregister its shares under Section 12(b) of the Securities Exchange Act of 1934. This move follows Hess becoming a wholly owned subsidiary of Chevron, prompting changes in its corporate structure and management.
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