US Edition$53 Billion Guyana Oil Clash Heads to London Tribunal
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This Monday, Exxon Mobil and Hess are scheduled to participate in a crucial court hearing to determine the fate of the $53 billion Chevron agreement to acquire Hess. According to the original report, this agreement, announced in October 2023, is fundamental in the strategy of Chevron CEO Mike Wirth, to improve the company's performance.The dispute over GuyanaDisagreement focuses on Stabroek Block, a key asset on the coast of Guyana, where Hess h…
$53 Billion Guyana Oil Clash Heads to London Tribunal
A high-stakes arbitration in London will determine whether Chevron can proceed with its $53 billion acquisition of Hess and secure a critical stake in Guyana’s vast Stabroek Block, amid opposition from ExxonMobil and CNOOC.
Traders Wager $10 Billion on Chevron-Hess Deal Beating Exxon Case
Merger-arbitrage funds’ biggest wager of the year faces a crucial test in the coming days, as a private arbitration panel begins hearing Exxon Mobil Corp.’s challenge to Chevron Corp.’s $53 billion takeover of Hess Corp.
U.S. oil giants fight over Guyana’s 11-billion barrel treasure trove – Oil & Gas 360
(Oil Price) – This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron regarding their rights to one of the world’s most lucrative oil projects. Guyana’s Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Hess Corp, and CNOOC of China. The high-volume, low-cost development offshore the South American country, whic
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