Chevron

Hess shareholders overwhelmingly approved the $53 billion merger with Chevron, clearing a key hurdle but leaving regulatory approval and a potential arbitration battle with Exxon Mobil and CNOOC to be settled. The deal paves the way for Chevron to acquire coveted oil assets in Guyana, offering significant strategic benefits for both companies. However, the merger’s completion hinges on the outcome of the arbitration, casting uncertainty on the timeline and finalization.

Venezuela’s oil industry is on the rise after Chevron restarted drilling operations. This follows the US easing sanctions on Venezuelan oil in October 2023. The new drilling program is expected to significantly increase oil production. However, the future of this collaboration is uncertain as US sanctions relief hinges on upcoming Venezuelan elections.

Chevron’s proposed $53 billion takeover of Hess Corporation’s stake in the lucrative Stabroek oil block has hit a major snag. Exxon Mobil, the current operator of the block, surprised everyone by filing for arbitration, claiming they have the first right to buy Hess’s stake.

The dispute centers on a disagreement over the interpretation of a joint operating agreement governing the consortium responsible for Guyana’s oil production.

Chevron Corporation, the second-largest U.S. oil company, has made a bold move to acquire Hess Corporation, a rival oil producer with a stake in the lucrative Guyana offshore oil field.…

Exxon claims right to match offer Exxon Mobil Corp has thrown a wrench into Chevron Corp’s plan to buy Hess Corp stake in the Stabroek offshore oil block in Guyana,…

The oil industry is witnessing a high-stakes drama as Exxon Mobil, the largest U.S. oil producer, tries to spoil Chevron’s acquisition of Hess, a smaller rival with a coveted position…

Chevron, one of the world’s largest oil companies, has changed its route for transporting oil from Kazakhstan to Asia, avoiding the Red Sea where Yemen’s Houthi rebels have stepped up attacks on shipping.

Chevron, one of the world’s leading energy companies, has expressed its interest in partnering with Nigeria to unlock further oil and gas potential, tapping into the nation’s “tremendous human capacity”.…

Chevron, one of the world’s largest oil and gas companies, announced on Tuesday that it expects to take a massive hit of up to $4 billion in the fourth quarter…