Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer

HOUSTON - Hess shareholders should vote in favor of Chevron Corp 's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.

No. 2 U.S. oil producer Chevron last October offered to acquire rival Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields, where Hess holds a 30% stake in a joint venture.Hess' partners in Guyana, Exxon Mobil Corp and CNOOC, in March filed an arbitration case claiming a right of first refusal over Hess's Guyana assets. The arbitration has stalled the sale and surprised Chevron.

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