Hess, Exxon and Chevron
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Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
Key Takeaways Chevron completed its $53 billion purchase of Hess after winning an arbitration case brought by rival Exxon Mobil and the China National Offshore Oil Corporation.The International Chamber of Commerce dismissed the challenge related to Chevron acquiring Hess's production sites in Guyana.
CHEVRON has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalise its US$53 billion acquisition of Hess Corporation
Chevron can proceed with its $53 billion Hess acquisition after winning an ICC ruling and receiving FTC approval for board integration.
Chevron (NYSE:CVX)’s $53 billion acquisition of Hess Corp (NYSE:HES). can now proceed after an arbitration panel ruled in favor of Hess in its dispute with Exxon Mobil Corp (NYSE:XOM).