Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty
Publishing timestamp: 2024-05-28 12:24:00
Summary
The Chevron-Hess deal is facing delays due to a dispute with Exxon Mobil over rights to Hess' assets in Guyana. Hess shareholders are set to vote on the pending acquisition by Chevron, but the deal is in jeopardy if Exxon prevails in arbitration. Shareholders are being advised to abstain from voting until more details emerge, as the timeline for the deal has become increasingly uncertain.
Sentiment: MIXED
Keywords: chevron corp, exxon mobil corp, markets, business news, hess corp, energy, oil and gas, breaking news: markets, mergers and acquisitions,