Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon ...

An arbitration panel cleared the way for Chevron to complete its $53 billion purchase of Hess, dismissing Exxon Mobil’s claim that it had a contractual right to bid for Hess’s crown-jewel assets in ...

ExxonMobil is poised to benefit significantly from Guyana's emergence as a major oil-producing nation due to favorable terms ...

An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek ...

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil ...

Chevron completed its $53 billion purchase of Hess after winning an arbitration case brought by rival Exxon Mobil and the ...

Try, Try Again Exxon Mobil’s (NYSE:XOM) recent loss in arbitration to Chevron (NYSE:CVX) over the $53 billion Hess ...

The other integrated energy giant, Exxon Mobil Corp. XOM, had tussled with Chevron CVX over Hess’s assets in Guyana, resulting in a stock overhang for Chevron.

Chevron announced its deal for Hess in October 2023, less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Chevron said at the time that ...

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Exxon had argued that it had a right of first refusal to buy Hess' 30% stake in the Stabroek oil block offshore Guyana. The coveted block was Hess's "crown jewel," Gimme Credit analyst TL Tsang ...