The Headlines – Guyana oil block fight: Chevron clears $53 billion Hess deal after Paris arbitration, gains entry into Exxon-led Guyana field

Chevron has finalized its $53 billion acquisition of Hess Corp, gaining a significant stake in Guyana’s lucrative Stabroek Block after an International Chamber of Commerce ruling. This acquisition, which includes Hess’s 30% share in the Guyana field and Bakken shale assets, positions Chevron alongside Exxon Mobil and CNOOC in the rapidly growing offshore production hub.

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