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Chevron, Hess reach “significant” milestone in ExxonMobil arbitration over assets offshore Guyana

a three-person arbitration panel has been finalized to address ExxonMobil's claim against Chevron's $53 billion purchase of Hess Corp over oil-rich assets offshore Guyana. This marks a significant step in resolving the uncertainty surrounding the merger, which Chevron and Hess hoped to complete in early 2024.

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