Chevron Closes $53B Purchase of Hess After Arbiter Ends Exxon Effort to Block It

  • Chevron (CVX) can complete its $53 billion purchase of Hess (HES) after an international arbitrator ruled in favor of Chevron in a dispute with Exxon Mobil (XOM) related to Chevron's planned acquisition. Following the decision, Chevron said it had closed the deal.