Exxon Mobil Corporation dispute, Guyana's oil profits, and Chevron's 2026 cash flow outlook. Click for my CVX update.

By bne IntelliNews The arbitrators in a legal dispute between ExxonMobil and Hess have reportedly reached a decision. Citing ...

Chevron's growth hinges on the successful Hess acquisition, particularly for access to Guyana's prized oil assets and to ...

Chevron is pushing ahead with its $53 billion acquisition of Hess, preparing for integration and layoffs while awaiting an ...

The International Chamber of Commerce in Paris is currently reviewing the decision before releasing it to the involved ...

Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess , according to two sources and an industry analyst, including by preparing a severance program ...

The closing of the acquisition has been delayed due to arbitration claims from Exxon and CNOOC, the other minority partner in ...

With 14 billionaire investors in the Insider Monkey database at the end of Q1 2025, Chevron Corporation (NYSE:CVX) is ...

US-based oil and gas company Hess has announced its decision to relinquish its interest in Block 59 offshore Suriname. The ...

Chevron is paying for Hess with stock, with shareholders receiving 1.025 shares of Chevron for each Hess share. Chevron said the deal is valued at $60 billion, including debt.

The Chevron-Hess deal is the latest in a series of mergers and acquisitions that are changing the industry. Occidental Petroleum acquired Anadarko Petroleum four years ago for $40 billion.

Chevron offered 1.025 of its shares for each Hess share, or about $171 per share, implying a premium of about 4.9% to the stock's last close. The total deal value is $60 billion, including debt.