The decision allowed Chevron to complete its $53-billion acquisition of Hess. The parties had referred their Stabroek standoff to the International Chamber of Commerce in

Chevron has secured its $53 billion acquisition of Hess, defeating Exxon in its yearslong attempt to block the deal and gaining control of an oilfield of major geopolitical importance. The oil major announced on Friday that it completed the acquisition of Hess after an arbitration panel with the International Chamber of Commerce dismissed Exxon’s claim