Exxon Mobil Corp Signals a Potential Counter Offer for Hess’s Guyana Assets

Exxon Mobil Corp XOM.N on Wednesday said it filed a contract arbitration disputing Hess Corp’s HES.N proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp’s pending deal for the assets.
Exxon said the arbitration case will preserve its right to acquire Hess’s 30% stake in the giant Stabroek offshore oil block, Senior Vice President Neil Chapman said in a conference on Wednesday.
Stabroek, which is consider the largest oil discovery in decades, is the prize in Chevron’s bid for Hess. Exxon’s move could jeopardize ChevronCVX.N’s $53 billion proposed purchase.
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