Exxon Not Trying to Acquire Hess in Dispute, CNBC Reports

-- Exxon Mobil doesn't want to acquire Hess in its legal battle with Chevron over Guyana oil assets, CEO Darren Woods said at a conference, according to CNBC.

-- Woods said acquiring Hess isn't a goal of the company in its dispute with Chevron over a joint operating agreement involving Exxon and Hess.

-- Exxon is claiming the agreement gives the company right of first refusal over Chevron's $53 billion acquisition of Hess and has filed for arbitration.

Full article at https://www.cnbc.com/2024/03/18/exxon-is-not-trying-to-acquire-hess-in-dispute-with-chevron-over-guyana-oil-assets-ceo-says.html

Write to Ben Glickman at [e-mail]

(END) Dow Jones Newswires

03-18-24 1534ET