After nearly two years of uncertainty and legal wrangling, a resolution may be imminent in Chevron Corporation’s (NYSE:CVX) highly anticipated acquisition of Hess Corporation (NYSE:HES).
Media reports suggest arbitrators are close to a decision in the dispute, which hinges on whether Exxon Mobil Corporation (NYSE:XOM) and CNOOC, Hess’s partners in Guyana’s lucrative Stabroek block, have a right of first refusal on Hess’s stake.
