Chevron-Hess Arbitration Nears Verdict As Analyst Sees Limited Downside, Big Upside Potential
1. Chevron's acquisition of Hess awaits arbitration verdict affecting its stock deal. 2. Bank of America maintains a 'Buy' rating with a target of $170. 3. Decision impacts Chevron's long-term growth and free cash flow prospects. 4. Acquisition aims to enhance Chevron's production with low-cost oil resources. 5. Concerns over Exxon and CNOOC's rights could influence the acquisition’s resolution.