Hess Corp yesterday signalled its US$53 billion agreement to be bought by Chevron Corp may be delayed after Exxon Mobil Corp. filed for arbitration over the deal to preserve its rights to a massive oil discovery off Guyana.
Bloomberg reported that Hess told employees in an email it was confident its arguments would prevail in the arbitration case Exxon filed with the International Chamber of Commerce.
The company plans to offer more details about the timeline in its next merger update, according to the email made public yesterday in a regulatory filing.
