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Chevron buys 5% stake in Hess for $2.3 billion, facing Exxon's challenge over Guyana oil project.
Chevron has bought a 5% stake in Hess Corporation for about $2.3 billion, showing support for their earlier acquisition plans.
The purchase centers around Hess's 30% stake in a major Guyana oil project.
However, Exxon Mobil, which operates the project, is challenging the deal in arbitration, claiming a right of first refusal.
Chevron disputes this claim.
The arbitration case is scheduled to be decided in September.
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Chevron compra una participación del 5% en Hess por $2,3 mil millones, enfrentando el desafío de Exxon sobre el proyecto petrolero de Guyana.