Page 24 - Stabroek News Today

A look at Tuesday morning’s market action

ExxonMobil and CNOOC are considering exercising their rights to acquire Hess's stake in the Stabroek block offshore Guyana. 

Chevron warned investors that Exxon and Cnooc are claiming a right to purchase Hess’s stake in Guyana’s offshore oil assets under a joint operating...

Chevron is adamant there’s “no possible scenario” in which Exxon or Cnooc could buy the stake and said in a statement that it remains fully committed to the Hess deal. But Exxon said it has a duty to its shareholders to explore the right of first refusal over the change of ownership of the Hess stake.

Exxon may try to upend its rival’s megadeal. The prize is a 30 percent stake in the oil-rich fields off the coast of Guyana.

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

Chevron's $53 billion acquisition of Hess could be in jeopardy because of a joint agreement on an offshore oil field in Guyana to which Hess is a party.

Preview Text: Crude continues to trade in a narrow bandwidth, but major data reports could have an impact this week.

(CTN News) - During its earnings call on Monday, Chevron disclosed that its proposed acquisition of fellow American firm Hess..............

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