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Stock impact report

Chevron CEO Sees Exxon Arbitration Resolved in Coming Months [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Tesla Soars on Tentative China Approval for Driving System Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter US Warns ICC Action on Israel Would Hurt Cease-Fire Chances Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows What 60,000 Headlines Say About the Fed's Next Move Exxon began arbitration proceedings in March, arguing it has a right of first refusal over Hess's 30% stake in the Stabroek Block operated and 45% owned by Exxon. Hess has asked for a hearing in the third quarter and a decision in the fourth quarter. “That's the timing we're working toward in a process that's still unfolding,” Chevron Chief Executive Officer Mike Wirth said in a Bloomberg Television interview on Monday. Five to six months is “a sufficient time frame within which to clarify the specific contract provisions here.” Exxon and Chevron have both appointed one arbitrator to what will be a three-person panel that will decide the case. Chevron Show less Read more
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