Chevron closes $55bn Hess takeover after winning Exxon legal battle

1. Chevron completed $55bn acquisition of Hess, securing key oil assets in Guyana. 2. The deal is crucial for CEO Mike Wirth's strategy to enhance performance. 3. Chevron faced legal challenges from Exxon regarding preemptive rights for Hess's stake. 4. Stabroek Block holds over 11 billion barrels of oil, boosting Chevron's market position. 5. Integration preparations are underway, affecting Hess employees with potential severance packages.