Exxon Mobil Challenges Chevron's Acquisition of Hess in Guyana

The dispute over a key oil field stake could derail Chevron's $53 billion deal, highlighting the competitive dynamics between the two oil giants.

Exxon Mobil's challenge to Chevron's acquisition of Hess over a Guyana oil field stake threatens to derail the $53 billion deal.
Exxon may exercise pre-emptive rights to block Chevron from acquiring a 30% stake in the Stabroek block, a major oil discovery.
Analysts and investors speculate on various outcomes, including the deal's collapse or Exxon acquiring Hess instead.
Exxon and Chevron, both major players in Guyana, aim to double production capacity to over 1.2 million barrels per day by 2027.
The dispute highlights the competitive dynamics between the two largest U.S. oil producers and their global partnerships.