Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso
Oil & Gas 360º
JULY 18, 2025
rival Hess after the companies prevailed in a legal dispute with Exxon over Hess’ 30% stake in Guyana’s fast-growing Stabroek oil block. Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy.
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