Exxon Mobil and Cnooc have combined their arbitration claims against Chevron's proposed acquisition of Hess, aiming to enable Exxon to access Guyana's Stabroek Block. The Hess board has recommended that shareholders vote in favor of the Chevron merger, despite disputes over the deal's potential circumvention of a Guyana contract, threatening Chevron's $53 billion acquisition of Hess.
Exxon Mobil and China’s CNOOC merged arbitration claims against Chevron’s proposed takeover of Hess that would allow the U.S. oil supermajor to enter Guyana’s Stabroek Block. https://t.co/kZu6Pe7Qtl
Exxon, Cnooc Merge #Guyana Arbitration Claims Against Chevron Oil giants accuse Chevron of circumventing Guyana contract Dispute threatens Chevron’s $53 billion deal to buy Hess #oott https://t.co/2dlJOSmzZT
Hess board recommends shareholders vote in favor of Chevron merger -filing https://t.co/0TTXKSyN2A https://t.co/LJxQ6adbSK