ExxonMobil has announced a record $9.2 billion profit for the second quarter, surpassing analyst expectations. The strong performance was driven by increased oil and gas production, particularly from the recent acquisition of Pioneer Natural Resources. …
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Exxon and Chevron Clash Over Guyana Oil Asset in $53 Billion Hess Acquisition
ExxonMobil is challenging Chevron’s proposed $53 billion acquisition of Hess in arbitration. The dispute hinges on whether the transaction constitutes a “change of control” of Hess’s valuable oil asset in Guyana, triggering Exxon’s pre-emptive right. …
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