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Chevron warns that its $53B acquisition of Hess Corp. may be in jeopardy over key asset in Guyana

Chevron warned Monday that its pending $53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oil field off the coast of the South American nation Guyana. The disclosure in a filing with the Securities and Exchange Commission raised investor qualms, depressing shares of both Chevron and Hess. Chevron's stock price fell 3% Tuesday morning before rebounding; Hess sto...
North Dakota United States Demerara Mahaica Exxon Mobil China National Offshore Oil Co Exchange Commission
Source: aol.com

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