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Chevron says Guyana arbitration hearing to begin in May
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Chevron says Guyana arbitration hearing to begin in May
Jul 31, 2024 3:01 PM

(Reuters) - U.S. oil major Chevron ( CVX ) said on Wednesday that hearing for an arbitration regarding Hess' Guyana assets have been scheduled for May 2025.

Last October, Hess agreed to sell itself to Chevron ( CVX ) for $53 billion in stock, but the deal has been challenged by Exxon Mobil ( XOM ), which claims a right to Hess' Guyana assets.

(Reporting by Sourasis Bose in Bengaluru; Editing by Sriraj Kalluvila)

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