Chevron gets go ahead for $53B Hess deal, and access to one of the biggest oil finds this decade

News Snapshot:

HOUSTON (AP) — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris. Exxon had challenged Chevron’s bid for Hess, one of three companies with access to the massive Stabroek Block oil field off the coast of Guyana. “We disagree with the ICC panel’s interpretation but respect the arbitration and dispute resolution process,” Exxon Mobil...