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Update 10am: Adds Chevron CEO comment, share moves.
Chevron (NYSE:CVX) expects to receive US antitrust approval for its planned Hess (NYSE:HES) deal within a few weeks.
Chevron CEO Mike Wirth told CNBC's Becky Quick the oil giant expects to get HSR clearance for the Hess (HES) deal in a phone interview, she reported earlier on Friday on the business network.
"Wirth says they expect approval from the FTC to come within a few weeks," Quick explained, citing her phone interview.
Wirth told CNBC in an interview broadcast on the network later on Friday morning that he expects a resolution with the FTC for the Hess deal by mid-year. He also expects a shareholder vote on the deal late in May.
We "expect to certify compliance with their second request here by mid-year and work our way through the process with them by mid-year," Wirth said. "So both of those things on track here in the second quarter."
Chevron (CVX) and Hess (HES) said they received a request for more information from the Federal Trade Commission on their planned $53 billion deal in December.
In November, Senate Majority Leader Chuck Schumer urged the FTC to look into whether Exxon Mobil (XOM) acquisition of Pioneer Natural (PXD) and Chevron's (CVX) planned purchase of Hess (HES) may violate antitrust laws.
Shares of Hess (HES) fell 1%, while Chevron ticked down 0.8% after reporting Q1 results.
