Guyana oil block fight: Chevron clears $53 billion Hess deal after Paris arbitration, gains entry into Exxon-led Guyana field
Friday, 18 July 2025 () Chevron has finalized its $53 billion acquisition of Hess Corp, gaining a significant stake in Guyana's lucrative Stabroek Block after an International Chamber of Commerce ruling. This acquisition, which includes Hess's 30% share in the Guyana field and Bakken shale assets, positions Chevron alongside Exxon Mobil and CNOOC in the rapidly growing offshore production hub.
In a pivotal moment for the energy sector, Chevron Corporation‘s (NYSE:CVX) has won a dispute with Exxon Mobil Corporation (NYSE:XOM) over Hess Corp’s... Upworthy
When Chevron finally clinched its $53 billion takeover of Hess, it wasn’t just another blockbuster deal in the oil industry. It came at the end of a... Invezz
Friday, 18 July 2025 ()
