Hess
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 Valle HOUSTON (Reuters) – A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp (NYSE:) to Chevron (NYSE:) remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil (NYSE:) has a right of first refusal over…
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…
