Hedge fund managers including Citadel Advisors, Adage Capital and HBK Investments are reaping a windfall as Chevron’s $53 billion takeover of Hess finally crosses the finish line https://t.co/xOgfWNla3S ...

Chevron CEO Mike Wirth on Friday said the company's acquisition of Hess, which it completed this week after winning a legal dispute with Exxon Mobil, is good for the oil and gas sector and creates the "strongest upstream portfolio in the industry." ...

Mergers and Acquisitions - Chevron's $53 billion agreement to buy Hess will reduce uncertainty for other deals in the oil industry [1]

Core Viewpoint - Chevron has successfully completed its $55 billion acquisition of Hess, gaining access to a significant oil discovery in the Stabroek Block off the coast of Guyana, following a legal victory over Exxon Mobil [1][2]. Group 1: Acquisition Details - The acquisition is one of the largest energy deals in the past decade, aimed at improving Chevron's performance [2]. - The Stabroek Block is estimated to hold over 11 billion barrels of oil, making it one of the fastest-growing oil provinces globally [2]. Group 2: Legal Context - Exxon and CNOOC, Hess's partners in Guyana, had previously filed arbitration disputes claiming pre-emptive rights to purchase Hess's stake, which delayed the acquisition for over a year [3]. - The International Chamber of Commerce (ICC) ruled against Exxon and CNOOC, with no appeals process available [4]. Group 3: Integration Plans - Chevron was preparing for the integration of Hess even while awaiting the arbitration verdict, with IT teams from both companies meeting regularly [5]. - Employees of Hess were informed about the option to request severance packages post-acquisition [5]. Group 4: Market Reaction - Following the news of the acquisition, shares of both Chevron and Exxon experienced a slight decline in morning trading [6].

opening bell and the CNBC realtime exchange this morning. At the big board, it's the New York City Emergency Management Department and at the NASDAQ Finwise Bankorp marking its addition to the US Small Cap Russell 2000 index as we're going to open with some fresh intraday highs at 6313. Watching the impact as we came out of yesterday with a nice head of steam.I mean, this is the market that doesn't quit. What's on top today though, which is different, is energy, which is up 1% today. Why.Well, you just hear ...

Let's get to the big deal news of the day. Chevron completing its acquisition of Hess after an arbitration panel cleared the way for their merger. $55 billion total enterprise value for the deal including debt.Chevron CEO Mike Worth joins us here at Post 9 first on CNBC to discuss the deal. Welcome. Good morning Sarah.Hey Carl. Good to see you. It's a big day for you.You have been confident all along that that you would prevail and now you got the word. How's it feel. It feels good.Uh we have maintained fro ...

雪佛龙在完成收购赫斯的交易后，开盘上涨2.5%。 ...

智通财经7月18日电，因雪佛龙完成对赫斯的收购，赫斯首席执行官、首席运营官和首席财务官将退出 赫斯董事会。 ...

Group 1 - Chevron (CVX.US) won an arbitration battle against ExxonMobil (XOM.US), clearing a key obstacle for its $53 billion acquisition of Hess (HES.US) [1] - The arbitration, lasting over 20 months, concluded with an international chamber expert group supporting Chevron and Hess, ruling that ExxonMobil does not have a right of first refusal on a 30% stake in the Stabroek block offshore Guyana [1][2] - Following the arbitration result, Hess's stock surged 7.67% in pre-market trading, while Chevron's stock rose 3.7%, indicating positive market sentiment towards the deal [1] Group 2 - The Stabroek block has proven recoverable reserves exceeding 11 billion barrels of oil equivalent, with production surpassing 600,000 barrels per day, making it one of the fastest-growing oil and gas production bases globally [2] - The arbitration victory ended a period of strategic uncertainty for Chevron, which had faced stock pressure due to legal risks [2] - The U.S. Federal Trade Commission (FTC) also lifted a ban on Hess founder John Hess joining Chevron's board, further facilitating the transaction [2] Group 3 - The resolution of this arbitration marks a significant outcome in the commercial competition among North America's three major energy giants, allowing Chevron to solidify its asset base in Guyana [3] - This case provides an important precedent for defining rights in global oil and gas industry mergers and acquisitions [3]

雪佛龙完成对 赫斯的收购。 ...