Chevron Seals Hess Deal as ExxonMobil's Guyana Challenge Fails

Key Takeaways Chevron has completed its acquisition of Hess following an arbitration ruling against ExxonMobil. ExxonMobil's challenge claimed preemptive rights to Hess's 30% stake in Guyana's Stabroek block. The ruling clears Chevron's path to growth and cements its partnership with ExxonMobil in Guyana.Chevron Corporation (CVX) has finally completed its big purchase of Hess Corporation, a deal that was held up for almost two years! This happened after an international arbitration panel rejected a challe ...