Chevron says Guyana arbitration hearing to begin in May
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FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - U.S. oil major Chevron 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 for $53 billion in stock, but the deal has been challenged by Exxon Mobil, which claims a right to Hess' Guyana assets.
(Reporting by Sourasis Bose in Bengaluru; Editing by Sriraj Kalluvila)
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