Chevron's acquisition of Hess would add this major oil field in Guyana as well ... oil giants including Exxon Mobil, China’s CNOOC, and Hess squared off in a heated competition for highly ...

Their competition isn't always friendly ... lucrative stake in the Stabroek block offshore Guyana. If Exxon wins, it will likely prevent Chevron from buying Hess and could end up adding to ...

Chevron could likely pay an additional premium to take Hess' Guyana asset away from Exxon ... the potential biggest winner in this competition: Exxon's short interest dropped by 65.2% over ...

Amid a reduction in its global workforce, Chevron plans to lay off over 200 Midland County employees on July 15.

Chevron warned investors Monday that Exxon and China National Offshore Oil Corp. are claiming a preemptive right to purchase Hess' stake in Guyana's offshore oil assets under a joint operating ...

This is likely to be a long legal battle over a valuable oil reserve, which is what every oil company wants. The fight ...

The proposed deal amps up competition between Chevron, the No. 2 US oil and gas producer, and Exxon, its larger rival. It also makes Chevron a partner with Exxon in Guyana’s booming oilfields ...

Exxon's position is that the right of first refusal is triggered by a change of control in Guyana and that Chevron structured the deal in a way to bypass it, people familiar with the arguments ...

Guyana is at the center of competition between these two companies as Exxon Mobil has outperformed Chevron in production growth while achieving record production in Guyana. Chevron has also faced ...

Exxon and Chevron are battling over Hess' stake in a lucrative offshore oil field in Guyana. The dispute is delaying Chevron's merger with Hess. At issue is the value of Hess' interest in the ...