Exxon Not Trying to Acquire Hess in Dispute, CNBC Reports
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Dow Jones
-- Exxon Mobil doesn't want to acquire Hess in its legal battle with Chevron over Guyana oil assets, CEO Darren Woods said at a conference, according to CNBC.
-- Woods said acquiring Hess isn't a goal of the company in its dispute with Chevron over a joint operating agreement involving Exxon and Hess.
-- Exxon is claiming the agreement gives the company right of first refusal over Chevron's $53 billion acquisition of Hess and has filed for arbitration.
Full article at https://www.cnbc.com/2024/03/18/exxon-is-not-trying-to-acquire-hess-in-dispute-with-chevron-over-guyana-oil-assets-ceo-says.html
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
March 18, 2024 15:34 ET (19:34 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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