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How One Clause Sparked Exxon-Chevron Feud That Turned Personal

How One Clause Sparked Exxon-Chevron Feud That Turned Personal

Bloomberg20-07-2025
The 20-month feud between the Western Hemisphere's two most powerful oil companies over the biggest offshore discovery in a generation hinged on a single clause of a contract few people have ever seen.
The passage in a confidential agreement signed more than a decade ago that governs how producers work together in Guyana's booming oil field was the basis for Exxon Mobil Corp. 's arbitration case that threatened to undo Chevron Corp. 's $53 billion takeover of Hess Corp.
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