Chevron signals readiness to integrate Hess, downplays Exxon arbitration risk

Investing.com — After reporting solid Q1 results, Chevron Corp (NYSE:CVX) highlighted strategic progress across its operations while reaffirming confidence in its $53 billion acquisition of Hess Corporation (NYSE:HES). CEO Mike Wirth told Bloomberg Television the company is fully prepared to integrate Hess “very quickly” once it clears an arbitration case with Exxon Mobil Corp (NYSE:XOM), which claims a right of first refusal over Hess’s stake in Guyana’s massive oil field.

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Yahoo! Finance: HES News

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