Chevron Prepares to Close Hess Acquisition ...Middle East

Chevron is preparing for a quick finalization of the Hess Crop. Acquisition, even as the two still await the decision of the arbitration court on Exxon’s right to first refusal on Hess’s stake in the Stabroek Block in Guyana. Reuters reported the news, citing unnamed sources and “an industry analyst”, who said that Chevron was even working on severance packages for some Hess employees who would be let go after the tie-up. Yet for that to happen, the International Chamber of Commerce needs to rule in Chevron’s favor.…

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