Chevron Seals $55B Hess Deal, Secures Guyana Oil Stake
By Ayomide Otitoju Chevron has officially closed its $55 billion acquisition of Hess Corporation, securing access to the prized Stabroek Block offshore Guyana — one of the world’s largest recent oil discoveries — after prevailing in a high-stakes legal battle with ExxonMobil. Exxon and China’s CNOOC, Hess’s partners in Guyana, had sought to block the…