Hess, Exxon and Chevron
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Chevron Corp. has prevailed in a 20-month fight to buy Hess Corp. for $53 billion, overcoming a challenge by arch rival Exxon Mobil Corp. that was unprecedented in the modern history of Big Oil.
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's advantaged assets and growth prospects support its stock's resilience and appeal. Click here to read an analysis of XOM stock now.