Hess Corp. (HES) PT Raised to $205 at Mizuho

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Go back to Hess Corp. (HES) PT Raised to $205 at Mizuho

Exxon CEO says not trying to buy Hess but eyes its Guyana stake

March 18, 2024 10:01 AM EDT

By Sabrina Valle

HOUSTON (Reuters) -Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.

In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess.

"We're basically standing up for what we believe is a fundamental right," Woods told Reuters at the... More