Exxon, Guyana and Chevron
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The ICC ruled in favor of Chevron’s $53 billion acquisition of Hess, granting it a 30% stake in Guyana's Stabroek Block.
Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration.
Exxon Mobil is poised for renewed growth, driven by its dominant positions in the Permian Basin and Guyana. Learn why XOM stock is a Buy.
XOM, HD, and IBM face distinct macro pressures, but AI, Permian strength, and digital upgrades continue to fuel long-term growth.
A wealthy Guyanese businessman who is sanctioned by the US for alleged tax evasion on gold exports has officially entered the race to lead the oil-rich South American nation.
SBM Offshore's Jaguar floating production, storage and offloading vessel hull has entered drydock in Singapore, marking a major step forward in the unit's deployment to US supermajor ExxonMobil offshore Guyana.