Chevron has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalize its US$53 billion acquisition of Hess Corporation and secure a 30% stake in Guyana’s Stabroek Block, a prized asset that has won global attention in the last decade.  Though Exxon disagrees with the decision, in a statement issued Friday morning, it … Continue reading Chevron secures prized stake in Guyana oil block with arbitration win against Exxon