Chevron Deal Approved By HESS Shareholders Amid Dispute With Exxon Over Guyana
(CTN News) - On Tuesday, Hess Corporation shareholders, an oil corporation headquartered in New York, authorized Chevron's.................
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(CTN News) - On Tuesday, Hess Corporation shareholders, an oil corporation headquartered in New York, authorized Chevron's.................
Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival Exxon Mobil's massive Guyana discoveries.
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On Tuesday, shareholders of Hess Corporation approved the proposed $53 billion merger with Chevron Corporation, paving the way for the second-largest US oil corporation to acquire crucial assets and have a position in Exxon Mobil's enormous Guyana finds.
Hess shareholders approved Chevron's $53 billion all-stock acquisition proposal, but the deal still faces challenges due to Exxon's arbitration claim over right of first refusal for Hess's stake in a key Guyana oil field.