Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S.

Chevron’s $53 billion acquisition of Hess gives it a major stake in Guyana’s booming Stabroek oil block, reshaping its global oil strategy amid production challenges.

The conclusion of the saga removes a stock overhang for Chevron and paves the way for the $53 billion deal to close immediately, which the oil giant said it could happen within a couple of days.

Chevron struck the deal to acquire Hess in October 2023. Exxon tried to block the move last year, saying it had a right of first refusal to buy Hess’ Guyana assets because of its joint operating ...

Venezuela has since made new claims to parts of Guyana, including its rich oil fields, renewing a centuries-old feud over land and maritime borders between the two countries.

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access ...

A ruling from the International Chamber of Commerce has cleared Chevron's $53 billion acquisition of Hess, ending one of the biggest battles between two majors in decades.

A critical ruling gave Chevron the go-ahead for a $53 billion acquisition of Hess, access to one of the biggest oil finds of ...

Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years.

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. AP/Oct. 23, 2023 ...