10:31 AM EDT, 05/29/2025 (MT Newswires) -- Exxon Mobil ( XOM ) is optimistic about the outcome of the arbitration case relating to its contractual dispute in the Chevron's ( CVX ) planned acquisition of Hess (HES), multiple media outlets reported Thursday, citing an Exxon executive speaking at a Bernstein conference.

Neil Chapman, a senior vice president at Exxon, said he was confident that the arbitration panel would rule in favor of the company and determine that it had a right of first refusal over Hess's stake, the media outlets reported.

There will be "no change for us" if Exxon loses, Bloomberg quoted Chapman as saying.

Exxon, Chevron ( CVX ), and Hess did not immediately reply to a request for comment from MT Newswires.

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