The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.

Chevron won its hotly contested legal battle against rival Exxon Mobil, allowing it to immediately close its $53 billion acquisition of Hess on July 18 and give the Big Oil major access to arguably the biggest oil discovery of the century offshore of sparsely populated Guyana.

Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years.

Exxon Mobil is poised for renewed growth, driven by its dominant positions in the Permian Basin and Guyana. Learn why XOM stock is a Buy.

XOM, HD, and IBM face distinct macro pressures, but AI, Permian strength, and digital upgrades continue to fuel long-term growth.

A wealthy Guyanese businessman who is sanctioned by the US for alleged tax evasion on gold exports has officially entered the race to lead the oil-rich South American nation.

SBM Offshore's Jaguar floating production, storage and offloading vessel hull has entered drydock in Singapore, marking a major step forward in the unit's deployment to US supermajor ExxonMobil offshore Guyana.