US EditionChevron won the Guyana marathon, but the next race is about to begin
4 Articles
4 Articles
On July 18, 2025, it marked the closure of one of the most complex and controversial corporate disputes in today’s energy sector. Chevron managed to complete the acquisition of Hess for more than $50 billion after a prolonged international arbitration—20 months—against ExxonMobil, who tried to prevent the operation under the argument of preferential contractual rights. This case highlights, once again, ExxonMobil’s willingness to assign prerogat…
Chevron Completes Acquisition of Hess Following Court Victory Over Exxon
American Chevron, as promised, closed the deal to acquire its competitor Hess within 48 hours after the International Chamber of Commerce (ICC) arbitration ruled in favor of Chevron in the case filed by ExxonMobil and CNOOC regarding pre-emptive rights to purchase Hess’s 30% stake in the Stabroek Block in Guyana, according to Reuters. The deal had been delayed for over a year due to arbitration claims from Exxon and Chinese CNOOC, who are partne…
DEXYPTAGE. Bad in recent months, Chevron has managed to get hold of a third of the largest marine oil field in the small Latin American country. A boon for the second major American and beyond the United States.
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