Chevron (NYSE: CVX) recently received some long-awaited news: The oil giant won its arbitration case against ExxonMobil (NYSE: XOM), enabling it to close its acquisition of Hess. The transformative transaction will create a top-tier integrated oil and gas company. Chevron now has visible production and free cash flow growth into the 2030s.
Here’s a look at how this transformative transaction will reshape Chevron and whether these changes make the oil stock a buy.
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