Deals
Chevron CEO’s Career-Defining Win Means Healing Rift With Exxon
As the dust settles from a bruising legal battle over the world’s marquee oil bonanza, the leaders of Exxon Mobil Corp. and Chevron Corp. face a new challenge: collaboration.
Chevron’s victory in an international arbitration dispute initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. The prize for Chevron Chief Executive Officer Mike Wirth is a highly coveted stake in a cache of premiere oil discoveries in Guyana.