Chevron Closes Hess Deal
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Chevron has completed its $53 billion acquisition of American energy company Hess, the oil giant said Friday, after winning a legal dispute against ExxonMobil over offshore oil assets in Guyana.
The FTC voted 3-0 to set aside orders barring oil veterans John Hess and Scott Sheffield from serving on the Chevron and Exxon boards, respectively.
Chevron Corporation (NYSE:CVX) is one of the stocks that Jim Cramer shed light on. A caller inquired about the company and highlighted its increasing dividends and its preparation to close its acquisition of Hess.