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.
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The Nigerian National Petroleum Company (NNPC) Limited has announced that it has started paying dividends to its shareholders for the first time in its history, following the enactment of the…