Exxon Mobil pursues pre-emption rights over Hess Corp's Guyana assets amid Chevron's $53bn deal.
Exxon Mobil CEO Darren Woods stated that his company is pursuing pre-emption rights over Hess Corp's Guyana assets in dispute with Chevron, not looking to acquire Hess itself. This clarification comes amidst Exxon's ongoing arbitration case that could potentially block Chevron's $53bn Hess deal. Exxon would not have waited for Chevron's announcement if it intended to buy Hess, Woods explained.
March 18, 2024
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