Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil. The dispute centers on rights to one of the most significant oil discoveries in decades is located off the coast of Guyana.

Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired full ownership of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) in a $450 million transaction with Chevron units.

The Houston-based energy giant Chevron will lay off 575 employees from the Downtown Hess Tower following its $53 billion acquisition of Hess Corp ., according to the company.

Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, the company confirmed Thursday.

Houston-based Chevron Corp. plans to lay off approximately 575 employees from Hess Tower downtown now that it has closed its $53 billion acquisition of Hess Corp. © 2025 American City Business Journals.

Chevron’s Hess deal boosts Guyana exposure and adds shale growth, while strong cash flow and returns support its outlook. Learn why CVX stock is a buy.

Chevron Corporation (NYSE: CVX) announced today that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset.

Chevron Corp. is on the cusp of reaching a production plateau in the largest US oil field, allowing it to reap billions of dollars of additional cash flow in the next few years.

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel