Welligence Guyana Corporate | Hess Wins Arbitration in Dispute Over Chevron Merger

July 18, 2025

An international arbitration tribunal acting under the ICC Arbitration Rules has ruled in favour of Hess, dismissing ExxonMobil and CNOOC’s claim that their pre-emption rights under the Stabroek Block Joint Operating Agreement (JOA) were triggered by Chevron’s proposed acquisition of Hess.