Chevron Closes Hess Deal
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Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
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.