It could happen this week.
The Federal Trade Commission is expected to approve Chevron’s purchase of Hess as soon as this week. Exxon is challenging the deal.
The purchase was first announced a year ago.
Reuters reports uncertainty over completion of the $53 billion purchase has knocked Chevron shares down by 1% this year.
Exxon and a partner are claiming right of first refusal to any sale of Hess’s Guyana assets – the valuable portion of the proposed transfer.
An arbitration panel is still scheduled to consider the case next May.
