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Chevron defeats Exxon in dispute over Guyana oil assets, clearing path for Hess acquisition

1. Chevron wins dispute over Hess Corporation's assets against Exxon. 2. The ruling allows Chevron to proceed with a $53 billion acquisition. 3. Chevron's shares saw a 3% increase in premarket trading.

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$30.407/21 07:26 AM EDTLatest Updated
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FAQ

Why Bullish?

Chevron's successful acquisition enhances its market position, which could stabilize oil prices positively impacting BNO.

How important is it?

Chevron's acquisition affects the competitive landscape as oil prices fluctuate, impacting related ETFs like BNO.

Why Short Term?

Immediate market sentiment could favor oil stocks, influencing BNO's price in the short run.

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