Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say

Reuters
11 hours ago
Arbitrators in <a href="https://laohu8.com/S/XOM">Exxon</a>, Hess dispute over Chevron deal have reached a decision, sources say

HOUSTON, July 3 (Reuters) - The arbitrators in a legal dispute between Exxon Mobil XOM.N and Hess HES.N have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter, with the ruling determining whether Chevron CVX.N can move forward with its planned acquisition of Hess.

The Paris-based International Chamber of Commerce, which is overseeing the arbitration case, is now reviewing the decision before it is released to the parties.

It is unclear what the arbitrators decided or when the decision will be released.

Exxon, Hess, Chevron and the ICC did not immediately respond to requests for comment.

(Reporting by Sheila Dang in Houston; Editing by Sandra Maler)

((sheila.dang@thomsonreuters.com; +1 646-983-0894))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10