Stabroek Block News Today

ExxonMobil Chairman and Chief Executive Officer, Darren Woods was unanimously reelected to the helm of the US Oil Major, with a mandate, according to him to grow supplies of affordable energy and products and reducing greenhouse gas emissions.

Continued perusal of an audit conducted on the expenses of ExxonMobil's Guyana-led consortium operating in the Stabroek Block reveals persistent, significant breaches in the adherence to the Production Sharing Agreement (PSA) with the Guyanese government.

(CTN News) - On Tuesday, Hess Corporation shareholders, an oil corporation headquartered in New York, authorized Chevron's.................

SAN RAMON (dpa-AFX) - Hess Corp. (HES) said that it has received approval from its stockholders for the proposed merger with Chevron Corporation.Completion of the merger remains subject to other

On Tuesday, shareholders of Hess Corporation approved the proposed $53 billion merger with Chevron Corporation, paving the way for the second-largest US oil corporation to acquire crucial assets and have a position in Exxon Mobil's enormous Guyana finds.

The announcement follows Hess shareholders' approval of a takeover by Chevron

ExxonMobil Guyana Limited (EMGL) often touts its capacity to take care of an oil spill in the event such a disaster occurs in the 26,800 square kilometers Stabroek Block. The company, whenever faced with questions about the cost of an oil spill, previously assured that it will not walk away from the country but will handle associated cleanup and compensation.

The US$53 Billion deal for the acquisition of Hess Corporation by Chevron Corporation faces a shareholder vote today.

The Chevron-Hess deal was originally slated to close in the first half of 2024, but that timeline has been delayed due to a dispute with Exxon Mobil.

Proxy advisor ISS had told Hess shareholders to abstain from a vote on the deal