Chevron Guyana Oilfields

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Chevron completes Hess acquisition

Chevron Completes $53B Hess Acquisition After Defeating Exxon in Legal Battle

Chevron Corp. (NYSE: CVX) on Friday closed its $53 billion purchase of Hess Corp., winning a protracted legal fight with Exxon Mobil (NYSE: XOM) that centered on prized offshore oil fields in Guyana.

UPI on MSN · 4d

Chevron completes $53B acquisition of Hess

Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields off the coast of Guyana.

Houston Chronicle on MSN · 3d

Chevron finalizes $55B deal for Hess, ending dispute with Exxon over Guyana oil field stake

Chevron struck the deal to acquire Hess in October 2023. Exxon tried to block the move last year, saying it had a right of first refusal to buy Hess’ Guyana assets because of its joint operating agreement with Hess and the China National Offshore Oil Corp., or Cnooc, for the Stabroek Block.

4don MSN

Chevron entry to Guyana oilfields solves company's top challenge

Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: ...

Daily on Energy: Quote of the week, Chevron gets Guyana stake, and BP unloads wind

Good afternoon and happy Friday, readers! We’ve got some good news for those living in the DMV region. Lower dew points and ...

WFTV1y

Chevron to buy Hess Corp. for $53 billion; company eyeing Guyana oil ...

The company will offer $171 for every Hess share, according to Reuters. “This combination positions Chevron to strengthen our long-term performance and further enhance our advantaged portfolio ...

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