Exxon, Chevron Now Partners In Guyana
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Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
Chevron will proceed with its $53 billion acquisition of Hess after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades off the coast of Guyana.
Just hours after winning its arbitration dispute with Exxon over Hess' assets offshore Guyana, Chevron closed its deal for Hess and said it will nominate John Hess to its board.