Commodities
Exxon Is Open to Dialogue With Chevron Over Guyana, CEO Says
- US oil giants headed to arbitration over $53 billion Hess deal
- Exxon claims right of first refusal over Hess’s Guyana stake
Chevron agreed to buy Hess for $53 billion last year, in large part to gain access to the Guyana project, operated and 45% owned by Exxon.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
Exxon Mobil Corp. is open to talking to Chevron Corp. about its proposed takeover of Hess Corp. as the oil giants spar over the deal’s implications for a massive offshore oil project in Guyana, Chief Executive Officer Darren Woods said in an interview.
His comments mark that first time Exxon has publicly made clear it’s willing to engage in discussions with Chevron over the issue after filing for arbitration at the International Chamber of Commerce in Paris.