08:12 AM EDT, 05/13/2024 (MT Newswires) -- Chevron's ( CVX ) proposed $53 billion acquisition of Hess (HES) would give big oil firms more leverage to increase gas prices, and "the [Federal Trade Commission] should side with consumers and pump the breaks on this deal," US Senate Majority Leader Chuck Schumer said late Sunday in a post on X.

Chevron ( CVX ) and Hess did not immediately respond to MT Newswires' requests for comment.

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