A New Beginning: Exxon, Chevron Now Partners In Guyana
1. Chevron acquires Hess Corp. for $53 billion to boost production growth. 2. The deal seeks to enhance Chevron's growth profile into the next decade. 3. ExxonMobil challenges the acquisition citing preemption rights in the consortium. 4. Guyana's oil assets are strategically important for Chevron's future production. 5. Chevron anticipates strong free cash flow and production growth from the merger.