Chevron Closes Hess Deal
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A ruling from the International Chamber of Commerce has cleared Chevron's $53 billion acquisition of Hess, ending one of the biggest battles between two majors in decades.
The Federal Trade Commission on Thursday set aside orders barring Hess (NYSE:HES) CEO John Hess from joining Chevron's (CVX) board and former Pioneer Natural Resources CEO Scott Sheffield from joining Exxon Mobil's (XOM) board (I,
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 will proceed with its $53 billion acquisition of Hess , CNBC reported on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.
Exxon Mobil Corporation dispute, Guyana's oil profits, and Chevron's 2026 cash flow outlook. Click for my CVX update.