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HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP PUBLISHES SUSTAINABILITY REPORT.
After nearly two years of uncertainty and legal wrangling, a resolution may be imminent in Chevron Corporation's CVX highly anticipated acquisition of Hess Corporation HES.
NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.
Hess (HES) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
HES exits Suriname's offshore Block 59, capping years of risky exploration after XOM and EQNR pulled out earlier.
The climax to the Chevron Corporation-ExxonMobil Corporation dispute may be approaching. Almost all of Hess Corporation's profits come from Guyana. Chevron may well sell or spin off anything of Hess not associated with Guyana.
U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie.
Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess , according to two sources and an industry analyst, including by preparing a severance program for some Hess workers.
The arbitration decision on Exxon Mobil's right of first refusal is imminent. Retail shareholders are disadvantaged by Hess's limited information disclosure during the prolonged acquisition timeline. Guyana production growth, driven by new FPSOs, is rapidly increasing Hess's value and future earnings potential.
The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter, with the ruling determining whether Chevron can move forward with its planned acquisition of Hess.