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Exxon Mobile (NYSE:XOM) said on Monday that it owes it to shareholders to explore the right of first refusal on the change of ownership of the Hess (HES) stake in the Guyana offshore oil project.
“We owe it to our investors and partners to consider our rights of first refusal in place under our joint operating agreement to ensure that we preserve our right to realize the significant value we have created and are entitled to in the Guyana asset,” Exxon (XOM) said in a statement, according to Bloomberg.
Chevron (CVX) said it remains fully committed to the proposed $53 billion deal for Hess (HES), which would include a 30% stake in the Exxon (XOM)-led consortium in Guyana, which is one of the largest discoveries oil companies in the world. recent years.
Chevron ( CVX ) told Bloomberg that Exxon ( possible in which Exxon or Cnooc could acquire Hess’ interest in Guyana following the Chevron-Hess transaction.”
Nonetheless, the company warned of the risk that the Hess (HES) purchase may not be completed if Exxon (XOM) and Cnooc (OTCPK:CEOHF) launch a successful counteroffer.