Chevron's $53B Hess Buy Hits Snag Over Guyana Oil Dispute

By Al Barbarino (February 27, 2024, 6:18 PM EST) -- Chevron has revealed in a regulatory filing that Exxon Mobil Corp. and the China National Offshore Oil Corp. believe they have preemptive rights to buy Hess' stake in a lucrative oil project off the coast of Guyana, a hitch Chevron said could lead to failure to close its planned $53 billion acquisition of Hess. ...

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