Hess Stock Drops, Chevron Deal Delayed
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Exxon Mobil challengeReuters
•Hess shares fall most in 20 months on lengthy new delay to Chevron sale
71% Informative
Hess' stock fell $ 11.25 , or 7.35% , the largest daily percentage drop since November 2022 .
Chevron shares were also off 4% , or $ 6.57 , at $ 153.93 in midday New York trading on Thursday .
Exxon Mobil and CNOOC Ltd filed arbitration claims claiming a pre-emption right to any sale of Hess ’ stake in a Guyana oil-producing joint venture.
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