Chevron prevails in arbitration fight with Exxon over Guyana oilfield

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Chevron Reports $8.3 Billion Loss For Second Quarter

Chevron (NYSE:CVX) is clear to proceed with its planned $53B acquisition of Hess (NYSE:HES) after an arbitration panel dismissed Exxon Mobil's (XOM) claim that it had a contractual right to bid for Hess' assets offshore Guyana.

The ruling handed down Friday

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