Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute
TL;DR Summary
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.
- Chevron's $53 Billion Oil Deal Is Backed by Hess Shareholders The New York Times
- Hess shareholders approve $53 billion Chevron deal amid dispute with Exxon over Guyana assets CNBC
- Hess Shareholders Give Approval to $53 Billion Merger With Chevron The Wall Street Journal
- Hess Investors Vote in Favor of Chevron's $53 Billion Takeover Bloomberg
- Votes at Exxon and Hess could reshape the oil industry for decades Semafor
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