Guyana
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil (NYSE:)’s legal bid to stop Chevron (NYSE:)’s proposed $53 billion acquisition of Hess (NYSE:) rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S.…
By Sabrina ValleHOUSTON (Reuters) -Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower prices offset volume gains. Latest results from oil and gas companies including Chevron (NYSE:) and TotalEnergies (EPA:) reflect a sharp downturn in natural…
By Sabrina Valle GEORGETOWN (Reuters) – Guyana’s efforts to use its resources to fuel a power plant that would slash the South American nation’s energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot’s revenue this year by about $1 billion. The $1.9 billion gas-to-power…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp (NYSE:)’s Guyana assets in its dispute with Chevron (NYSE:), not buy the company itself. In his first public remarks on the company’s pursuit of an…
