Hess Shares Plummet In Ongoing Dispute with Exxon Mobil Over Guyana Oil Impact on Chevron Acquisition
Tuesday, 27 February 2024, 15:24
Update on Hess Shares and Exxon Mobil Dispute
Amid the ongoing dispute, Hess shares have dropped significantly.
Impact on Chevron's Acquisition
Chevron has warned investors of claims by Exxon and Cnooc to purchase Hess's stake in Guyana's oil assets.
Joint Operating Agreement
Exxon Mobil and Cnooc are asserting a right to acquire Hess's stake in Guyana, under the existing agreement.
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