Exxon Mobil Corporation’s (XOM) ongoing arbitration over its right of first refusal concerning Hess Corporation’s (HES) Guyana operations has put a significant hold on Chevron’s (CVX) $53-billion acquisition of Hess. This delay has stalled a decision on whether ExxonMobil has a right of first refusal over Hess’ lucrative Guyana operations. The arbitration panel, tasked with deciding this critical issue, remains incomplete three months after the case was filed, hindering any immediate resolution. The sale ha ...