Chevron Announces Guyana Arbitration Hearing Scheduled for May, According to Reuters

Chevron and Hess Arbitration Hearing Set for May 2025

U.S. oil giant Chevron has announced that a hearing for arbitration concerning Hess’s Guyana assets is scheduled for May 2025.

Last October, Hess consented to be acquired by Chevron for $53 billion in stock. However, this acquisition has faced opposition from Exxon Mobil, which asserts that it has rights over Hess’s Guyana assets.