In a pivotal moment for the energy sector, Chevron Corporation‘s CVX has won a dispute with Exxon Mobil Corporation XOM over Hess Corp's HESS offshore oil assets in Guyana.
ExxonMobil will now have a new, very familiar partner in its massive project in the deepwaters off the coast of tiny South American nation Guyana after Chevron emerged the winner in a 16-month-long ar
Chevron will proceed with its $53 billion acquisition of Hess after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades off
It's a big win for Chevron. Buying Hess without the Guyana project would have wiped out the biggest upside from the deal.
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation's offshore oil assets in the South American nation of Guyana.
CNBC's Becky Quick reports on the latest news.
A panel of three arbitrators says Chevron can clinch its long-delayed $53 billion acquisition of Hess, after Exxon tried to pre-empt the deal.
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) released a statement today following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual disp
Chevron will proceed with its $53 billion acquisition of Hess , CNBC reported on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oi
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) will release its second quarter 2025 financial results on Friday, August 1, 2025. The company will issue a press release via Busines
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