Chevron closes Hess acquisition
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The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.
The FTC voted 3-0 to set aside orders barring oil veterans John Hess and Scott Sheffield from serving on the Chevron and Exxon boards, respectively.
Chevron Corporation (NYSE:CVX) is one of the stocks that Jim Cramer shed light on. A caller inquired about the company and highlighted its increasing dividends and its preparation to close its acquisition of Hess.
Paul Sankey, Sankey Research lead analyst, joins 'Money Movers' to discuss Chevron closing on the Hess acquisition and what it means for the company and on the oil sector.