Hess, Chevron and Exxon
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After nearly two years of legal limbo and uncertainty, Chevron (NYSE:CVX) has officially sealed its $53 billion acquisition of Hess Corp.and merger arbitrageurs are walking away with a big win. Top hedge funds like Citadel Advisors,
The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.
Jonathan C. Stein, currently chief financial officer of Hess Midstream, has been named chief executive officer, succeeding John B. Hess.