Chevron Says Its $53B Purchase of Hess Could Be Jeopardized by Oil Field Agreement

Key TakeawaysChevron warned its $53 billion acquisition of Hess could be jeopardized by a joint agreement on an offshore oil field in Guyana to which Hess is a party.ExxonMobil and China National Offshore Oil Corporation have stakes in the Guyana site, and the deal allows them the right of first refusal on any changes in ownership.Chevron said if negotiations with ExxonMobil and CNOOC don't produce acceptable results, the Hess purchase might not happen.Chevron (CVX) shares fell 2% in intraday trading Tuesda ...