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Hess shareholders approve $53B sale to Chevron, but hurdles remain

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Hess shareholders have given their approval to a proposed $53 billion acquisition by Chevron, but hurdles remain.

The deal must receive regulatory approval.

It also faces an arbitration battle with Exxon and CNOOC, Hess' partners in Guyana. Exxon and CNOOC have claimed they have the right of first refusal to any sale of Hess's Guyana assets.

Read more from Reuters.


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