Chevron Closes Hess Deal
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Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
Takeover arbitragers, which have included Warren Buffett, are having a favorable 2025 after two disappointing years.
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.
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.
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Chevron (CVX) can move forward with its $53 billion acquisition of Hess (HES) after officials dismissed ExxonMobil's (XOM) attempt to block the deal. Yahoo Finance Senior Reporter Ines Ferré joins Morning Brief to explain how this win secures a key energy reserve for Chevron and what it means for the company's future in the region.
The U.S. Federal Trade Commission on Thursday reversed bans on the CEOs of takeover targets joining the boards of Chevron and Exxon Mobil that the Biden administration made a condition of clearing the oil giants' deals to buy two oil producers.