Exxon clash with Chevron hinges on change of control of Hess’ Guyana asset, sources say

Exxon Mobil’s XOM.N legal bid to stop Chevron’s CVX.N proposed $53 billion acquisition of Hess HES.N rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world’s largest ...