- Reuters
Hess facing three lawsuits over disclosures in Chevron deal
Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields. Hess shareholders are scheduled to vote on May 28 on the deal. The allegations regarding deficiency in disclosures "are without merit", the company said in a securities filing on Tuesday, but added that it was voluntarily supplementing the proxy statement "to moot plaintiffs' disclosure claims and to avoid nuisance, potential expense and delay".
- Zacks
Chevron's (CVX) Tengiz Project Faces Cost Increase of $1.5B
Chevron's (CVX) Tengiz Project in Kazakhstan faces a $1.5 billion cost overrun, highlighting complexities in large-scale energy ventures and posing challenges to completion and financial projections.
- Motley Fool
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