Chevron Remains Confident It Will Close This Needle-Moving Acquisition

Chevron firmly believes Exxon's case against it has no merit.Chevron's (CVX -3.04%) share price has underperformed oil prices and other energy stocks over the past few months. A big factor driving that relative underperformance is the uncertainty surrounding its massive acquisition of Hess (HES -3.46%). That's after rival ExxonMobil (XOM -1.15%) launched an arbitration case to assert its rights to buy Hess' stake in the Stabroek block offshore Guyana, which Exxon operates. Chevron doesn't think Exxon's case ...