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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

Petrobras wins approval to resume drilling in Brazil’s Foz do Amazonas frontier

Cameroon and Equatorial Guinea sign deal to develop Yoyo-Yolanda gas fields

Equinor forecasts 10%–20% production decline at Johan Sverdrup field in 2026

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