Hess Corp

Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

July 18, 2025

(World Oil)– Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block. Image: Hess The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in

US oil producer Continental Resources claims Hess defrauded it out of $69 million

May 20, 2025

(BOE Report) – U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with

Chevron targets $6-8 bln in free cash flow growth by 2026

January 8, 2025

(Oil Price) – Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second largest oil and gas company expects to achieve these results thanks to the start of new or expanded oil production projects in Kazakhstan,

Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

US oil producer Continental Resources claims Hess defrauded it out of $69 million

Chevron targets $6-8 bln in free cash flow growth by 2026

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