Before the Bell: What every Canadian investor needs to know today
A look at Tuesday morning’s market action
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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.