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Chevron and ExxonMobil are now joint venture partners in Guyana's lucrative Stabroek offshore oil block following Chevron's acquisition of Hess Corporation, despite a challenging arbitration battle.
The oil project's riches have not only attracted the attention of oil majors such as Chevron but also that of countries such as Venezuela.
Arbitrator rules in favor of Chevron, Hess in Guyana dispute with ExxonMobil The decision allowed Chevron to complete its $53-billion acquisition of Hess.
Chevron completed its $55 billion acquisition of Hess Friday, closing out a contentious legal dispute with Exxon Mobil over offshore oil assets in Guyana that shocked the oil industry.
Chevron has a clear way for the major oil company to complete its $53 billion acquisition of Hess Corporation’s offshore assets in Guyana.
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Oil production near Guyana is ramping up while production in places like the Permian Basin appears to be approaching a plateau.
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corp.’s offshore oil assets in the South American nation of Guyana.
Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade.
The logo was revealed through a title treatment video featuring the movie’s title in different languages. The live-action adaptation will be arriving in theaters on June 5, 2026.
Chevron has completed its planned takeover of US producer Hess after winning its arbitration against ExxonMobil over a stake in Guyana's prolific Stabroek block.
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