Exxon says it is confident it will win dispute over Chevron-Hess deal
ReutersMay 29, 2025 12:44 PM
HOUSTON, May 29 (Reuters) - The arbitration proceedings in Exxon Mobil's XOM.N contractual dispute over Chevron's CVX.N planned acquisition of Hess HES.N concluded this week and a decision is expected in about two to three months, said Exxon senior vice president Neil Chapman on Thursday.
While speaking at a Bernstein conference, Chapman said he was confident that a three-member arbitration panel would rule in Exxon's favor and determine it had a right-of-first-refusal to purchase Hess' stake in a Guyana oil joint venture that is operated by Exxon.
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