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Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute

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Source: The New York Times
Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute
Photo: The New York Times
TL;DR

Hess shareholders have approved a $53 billion sale of the company to Chevron, which includes a valuable stake in an Exxon Mobil-led oil project in Guyana. However, the deal faces legal challenges as Exxon contests the sale, arguing it has the right to buy Hess's stake. The dispute is currently in arbitration, and a decision may not come until next year.

Topics:businessenergy-and-environment#chevron#energy-and-environment#exxon-mobil#guyana#hess#oil-deal
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  1. Chevron's $53 Billion Oil Deal Is Backed by Hess Shareholders  The New York Times
  2. Hess shareholders approve $53 billion Chevron deal amid dispute with Exxon over Guyana assets  CNBC
  3. Hess Shareholders Give Approval to $53 Billion Merger With Chevron  The Wall Street Journal
  4. Hess Investors Vote in Favor of Chevron's $53 Billion Takeover  Bloomberg
  5. Votes at Exxon and Hess could reshape the oil industry for decades  Semafor

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