Chevron Seals Hess Deal as ExxonMobil's Guyana Challenge Fails

Chevron Corporation CVX has finally completed its big purchase of Hess Corporation, a deal that was held up for almost two years! This happened after an international arbitration panel rejected a challenge from larger rival ExxonMobil XOM. ExxonMobil had argued that it had the first right to buy Hess's valuable...