Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon
Chevron’s ambitious acquisition of Hess Corporation has officially received the green light, marking a major consolidation in the energy sector after overcoming a legal challenge brought by ExxonMobil. The resolution of this dispute not only secures Chevron’s foothold in a strategically valuable oil region but also signals a broader shift in how global oil giants navigate high-stakes mergers amid evolving market dynamics.The $53 billion all-stock deal, originally announced in late 2023, had faced delays due to ExxonMobil’s legal objection. Exxon claimed it held preemptive rights to Hess’s stake in the lucrative Stabroek Block offshore Guyana—a region that has become one…





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