Reported 4 months ago
Hess shareholders have approved the $53 billion merger with Chevron, with Chevron anticipating a smooth regulatory process towards finalization in the coming weeks. This merger is significant due to the stake in Guyana held by Hess, which has led to ExxonMobil contesting the deal in arbitration. Chevron remains confident in their position on preemption rights and is optimistic about closing the deal with Hess.
Source: YAHOO