Chevron closes Hess acquisition
Digest more
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.
The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what's to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up.
Chevron's growth hinges on the successful Hess acquisition, particularly for access to Guyana's prized oil assets and to offset Permian plateauing. See why CVX stock is a Hold.
The move marks a departure from the regime of former chair Lina Khan and former president Joe Biden’s tougher antitrust policies. The January ruling took place shortly before Donald Trump’s second inauguration and was opposed by current chair Andrew Ferguson and commissioner Melissa Holyoak.
The following is a glance at the news moving markets in Canada and globally. Chevron’s US$53 billion takeover of Hess will proceed; the International Chamber of Commerce ruled on Thursday. Exxon Mobil challenged Chevron’s move to gain access to the oil reserves in the
The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter.
Chevron Corporation CVX, along with several European oil companies, is actively engaged in high-level negotiations with the Trump administration to retain stakes in joint ventures with Venezuela ...