https://finance.yahoo.com/news/chevron-hess-deal-suffers-blow-230150950.html
I imagine board meetings are getting a bit uncomfortable…
8 replies (most recent on top)
And they are doing well in Guyana and permian. https://www.cnbc.com/amp/2024/08/02/exxonmobil-xom-earnings-q2-2024-.html
@edp+1tNsFHrI - exactly, but what are the chances of that?
DW up in the Woodlands laughing, looking forward to bumping into his b!tch MW at a charity function.
This and weak earnings, and the move to Houston. The optics are not good due CVX right now.
You have to believe the weak link was some set of attorneys, either on the Hess side or Chevron side, who assured the Chevron board that there would be no right-of-first-refusal issue. Heads should be rolling, regardless of the outcome.
Ha ha - poor chevron - the top are horrible
This is Exxons plan… why else would they take this think to trial. Unless they want some extra PHA or JOA changes in their favor
Hearing is set for next May, even if it goes through multiple sessions, there is no way Hess would be valued at $53 Billion in 2026 and beyond, it is a loss already.