Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says
Publishing timestamp: 2024-03-18 13:54:15
Summary
Exxon CEO Darren Woods stated that Exxon is not trying to acquire Hess in the dispute with Chevron over oil assets in Guyana. Chevron has a pending $53 billion deal to acquire Hess, but Exxon is claiming a right of first refusal over Hess' Guyana assets. The dispute has escalated to seeking arbitration at the International Chamber of Commerce in Paris.
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Keywords: markets, hess corp, oil and gas, business news, breaking news: markets, investment strategy, chevron corp, exxon mobil corp,