01:27 PM EDT, 07/07/2025 (MT Newswires) -- Chevron ( CVX ) is preparing to move quickly on its planned acquisition of Hess (HES) as the companies await the outcome of a legal challenge from Exxon Mobil ( XOM ) over Hess' stake in the Stabroek oilfield in Guyana, Reuters reported Monday, citing sources.

Preparations include a severance program for some Hess workers, according to the news outlet.

Chevron ( CVX ) has also assigned roles within its IT team to focus on the integration, and staff have held regular meetings with Hess counterparts to coordinate the logistics of combining the two firms, according to people familiar with the matter.

The company aims to legally close the deal within 48 hours of resolving the arbitration, one of the sources told Reuters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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