Chevron Closes Hess Deal
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Hess is being acquired by Chevron after the energy company won arbitration with rival Exxon. Robinhood and AppLovin are two of its possible replacements in the S&P 500 index.
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
Chevron (CVX) gets the green light to move forward with its $53 billion acquisition of Hess (HES), after an arbitration panel rejected ExxonMobil's (XOM) claim in a dispute over assets in Guyana. BP (BP) is offloading its US onshore wind business to LLS Power,
An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil projects in the world.
Second-quarter profit jumps 46% at Netflix, a report says Union Pacific is in early-stage talks to buy smaller railroad rival Norfolk Southern, and earnings at Interactive Brokers get a boost from trading activity.
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