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Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

by Offshore Reporter | Jul 18, 2025 | Offshore

Chevron has completed its $53 billion takeover of Hess Corporation, having won its arbitration case against ExxonMobil regarding Hess’ offshore Guyana assets which had delayed the takeover for over a year.

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Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

Latest News

Saronic, Hornbeck Offshore explore autonomous platforms for offshore service vessels

Equinor awards over $9 billion in long-term contracts to Norwegian suppliers

Equinor awards ABL warranty role for Northern Lights expansion

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