Chevron Closes Hess Deal
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Chevron's arbitration victory over Exxon and closing of its $53B acquisition of Hess helps solve one of Chevron's biggest problems - where its growth will come from beyond the next few years
Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
Chevron (CVX) can move forward with its $53 billion acquisition of Hess (HES) after officials dismissed ExxonMobil's (XOM) attempt to block the deal. Yahoo Finance Senior Reporter Ines Ferré joins Morning Brief to explain how this win secures a key energy reserve for Chevron and what it means for the company's future in the region.
A critical ruling gave Chevron the go-ahead for a $53 billion acquisition of Hess, access to one of the biggest oil finds of the decade, and a big win
Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years.
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Chevron (CVX) gets the green light to move forward with its $53 billion acquisition of Hess (HES), after an arbitration panel rejected ExxonMobil's (XOM) claim in a dispute over assets in Guyana. BP (BP) is offloading its US onshore wind business to LLS Power,
Chevron won its hotly contested legal battle against rival Exxon Mobil, allowing it to immediately close its $53 billion acquisition of Hess on July 18 and give the Big Oil major access to arguably the biggest oil discovery of the century offshore of sparsely populated Guyana.