
ExxonMobil’s loss is Chevron’s gain: High-stakes arbitration over Hess’ Guyana oil assets ends
Texas-headquartered energy giant ExxonMobil and its partner, China’s CNOOC, have not secured a victory in arbitration proceedings over U.S.-based Hess Corporation’s sale of interests in assets off the coast of Guyana. This clears the key merger hurdle in …