💨 Abstract
Chevron completed its $53 billion acquisition of Hess after securing a favorable ruling from the International Chamber of Commerce in Paris. This acquisition grants Chevron access to the lucrative Stabroek Block oil field off the coast of Guyana, positioning it as a major player in one of the decade's largest oil finds. Guyana, with a population of 791,000, is set to become the world’s fourth-largest offshore oil producer.
Courtesy: WTOP Staff
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