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Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
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. On Friday, the U.S.
The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what's to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up.
Chevron’s Hess deal boosts Guyana exposure and adds shale growth, while strong cash flow and returns support its outlook. Learn why CVX stock is a buy.
Chevron closes Hess acquisition after winning a legal fight with Exxon Mobil, securing its $55 billion deal and gaining access to Guyana’s massive Stabroek Block oil reserves. This move marks one of the largest energy mergers in recent years and gives Chevron a stake in over 11 billion barrels of oil.
Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade
The move marks a departure from the regime of former chair Lina Khan and former president Joe Biden’s tougher antitrust policies. The January ruling took place shortly before Donald Trump’s second inauguration and was opposed by current chair Andrew Ferguson and commissioner Melissa Holyoak.
The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter.
Chevron's growth hinges on the successful Hess acquisition, particularly for access to Guyana's prized oil assets and to offset Permian plateauing. See why CVX stock is a Hold.
Critical ruling gives Chevron the go-ahead for $53B Hess deal, and access to one of the biggest oil finds of the decade.
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