Chevron entry to Guyana oilfields solves company's top challenge

HOUSTON (Reuters) -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. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess - among the largest ever oil and gas deals - and gained the latter's stake in Guyana's Stabroek Block after prevailing in a legal fight against larger rival Exxon Mobil. Before the deal closed, concerns had been rising about Chevron's financial and production growth prospects, with its reserves of oil and gas dropping to the lowest in at least a decade.