Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025 [MSNBC.com]
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Source: MSNBC.com
In this articleDarren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024.F. Carter Smith | Bloomberg | Getty ImagesExxon CEO Darren Woods said Monday that the dispute withChevronHess Corporation"My view is it will go into 2025," Woods told CNBC's David Faber at the Milken Institute's Global Conference in Los Angeles. Hess hadpreviously indicated"This is an important arbitration obviously not only for Exxon Mobil but for Chevron and Hess," Woods said. "What we need to do is take our time to do what's right to make sure that we do all the due diligence and we get to the answer — the right answer."Exxon is claiming a right of first refusal on Hess' assets in Guyana under a joint operating agreement that governs a consortium that is developing the South American nation's prolific oil resources. The oil major filed for arbitration in March at the International Chamber of
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