Exxon Mobil

Analysis-shevron wins the Exxon case but is wasting time, oil and billions

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Analysis-shevron wins the Exxon case but is wasting time, oil and billions

By the Arunya Kumar (Reuters) -Exxon Mobil lost its arbitration challenge to block the Chevron HESS deal, but the best producer of oil in the United States managed to delay the connection by over a year, costing its rival billions with lost oil revenue and delay in integration. The Chevron deal, first announced in October … Read more

Chevron closes the acquisition of HES after winning Exxon Legal Battle

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Chevron closes the acquisition of HES after winning Exxon Legal Battle

By Sheila Dang Houston (Reuters) -Chevron closed the HESS acquisition worth $ 55 billion on Friday after winning a remarkable legal battle against the greater rival Exxon Mobil to gain access to the biggest detection of oil for decades. The strategy of Chevron Executive Director Mike Wirt to turn the lagging presentation of his company … Read more