Reported 3 days ago
Exxon Mobil expressed strong confidence in winning its arbitration dispute regarding Chevron's acquisition of Hess, which concluded recently. Senior VP Neil Chapman highlighted expectations that the three-member panel would rule in Exxon's favor, affirming its right of first refusal on Hess' stake in a Guyana oil venture. The acquisition's future remains uncertain as the panel deliberates, following Chevron's $53 billion deal for Hess, which is crucial for its recovery strategy.
Source: YAHOO