Chevron prevails in Exxon fight, sealing $53B Hess deal

(Bloomberg) — Hess Corp. (HES) won its arbitration battle with Exxon Mobil Corp. (XOM), clearing the way for it to be bought by Chevron Corp. (CVX) more than 20 months after the $53 billion deal was announced. Most Read from Bloomberg The decision is a …

Critical ruling gives Chevron the go-ahead for $53B Hess deal, and access to one of the biggest oil finds of the decade

Chevron to proceed with Hess takeover after winning Exxon Guyana legal battle

By Sheila Dang HOUSTON (Reuters) -Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades. It is vindication for …

Chevron to proceed with Hess takeover after winning Exxon Guyana legal battle

Chevron Prevails in Exxon Fight, Sealing $53 Billion Hess Deal

The clash between North America’s biggest energy producers was unprecedented in the modern history of Big Oil, an industry in which companies routinely partner with each other to minimize project risk and share costs. Exxon, which operates and owns 45% of …

FTC Reopens and Sets Aside Chevron-Hess Final Order

Today, the Federal Trade Commission reopened and set aside the final consent order involving Chevron Corporation’s proposed acquisition of Hess Corporation. The January 2025 final consent order prohibited Chevron from nominating, designating, or appointing …

Chevron Prioritizes Cash Flow Over Growth in Permian

Chevron has effectively reached its long-term production goal of 1 million barrels of oil equivalent per day (boe/d) in the Permian Basin—and from here, it’s shifting gears. According to Bruce Niemeyer, president of Chevron’s shale business, the …

FTC reverses its order banning John Hess Chevron board member

The U.S. Federal Trade Commission reversed on Thursday an earlier order that barred Hess Corp. CEO John Hess as a condition to the oil giant acquiring his company for $53 billion. ExxonMobil is locked in a dispute with Hess over a large oilfield in Guyana. …

FTC reverses order barring John Hess from Chevron board

WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday reversed a previous order that had barred Hess Corp CEO John Hess from the board of directors at Chevron as a condition of the oil giant's pending $53 billion acquisition of his …

Athens relying on Chevron for hydrocarbon surveys off Crete

ENERGY ENERGY Athens considers it positive that Chevron has also expressed interest in the Libyan blocks.  [REUTERS] The Greek government is relying on Chevron’s influence in decision-making centers in the US in its confrontation with Libya, and by …