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Chevron CEO anticipates Exxon arbitration dispute over Guyana's oil contract to be resolved, enabling $53bn Hess acquisition completion this year.
Chevron CEO expects Exxon arbitration dispute over a Guyana oil contract to be resolved in coming months, allowing the $53bn Hess acquisition to complete this year.
Exxon began arbitration proceedings in March, arguing a right of first refusal over Hess's 30% stake in the Stabroek Block.
Chevron aims to clarify specific contract provisions within a 5-6 month time frame.
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El director ejecutivo de Chevron anticipa que se resolverá la disputa de arbitraje de Exxon sobre el contrato petrolero de Guyana, lo que permitirá completar la adquisición de Hess por valor de 53 mil millones de dólares este año.