An Exxon Mobil arbitration case that could block the sale of one of its Guyana partners, Hess Corp, to Chevron could drag on until year-end, Hess said in a U.S. securities filing on Friday. Earlier this year, Exxon filed the case seeking to preserve its right to evaluate making a bid for Hess’s 30% stake in the giant Stabroek offshore oil block if Chevron proceeds with its proposed $53 billion purchase. As per the filing, Hess is seeking to have the merits of the arbitration heard by the third quarter of 2024 and complete the arbitration by the end of the year.
Yahoo! Finance: HES News
