Chevron Closes Hess Deal
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bne IntelliNews on MSNArbitrators reported to have reached decision in ExxonMobil, Hess disputeBy bne IntelliNews The arbitrators in a legal dispute between ExxonMobil and Hess have reportedly reached a decision. Citing two sources familiar with the matter, Reuters reported last week that the International Chamber of Commerce,
Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
Key Takeaways Chevron completed its $53 billion purchase of Hess after winning an arbitration case brought by rival Exxon Mobil and the China National Offshore Oil Corporation.The International Chamber of Commerce dismissed the challenge related to Chevron acquiring Hess's production sites in Guyana.
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
CVX nears a decisive moment as arbitrators take final decision on its $53 billion Hess deal and entry into Guyana's top-tier oilfield.
The decision allowed Chevron to complete its $53-billion acquisition of Hess. The parties had referred their Stabroek standoff to the International Chamber of Commerce in
HOUSTON (Reuters) -The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the ...