Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute
Publishing timestamp: 2024-03-07 15:55:49
Summary
Exxon filed for arbitration to defend its right to make a counter offer for Hess' Guyana assets, potentially delaying the merger between Hess and Chevron. Hess is confident in its position and believes the arbitration will rule in its favor. If Exxon wins, the deal between Hess and Chevron could be terminated, allowing Hess to retain its stake in the Guyana assets.
Sentiment: MIXED
Keywords: exxon mobil corp, markets, mergers and acquisitions, business news, breaking news: markets, energy, chevron corp, hess corp,