ExxonMobil Continues to Find Oil in a Place Chevron Really Wants to Be

ExxonMobil (XOM 0.93%), its partners Hess (HES -0.44%), and China's CNOOC have found a treasure trove of oil in the Stabroek block offshore Guyana. The Exxon-operated venture recently unveiled its latest discovery: Bluefin. It's the first one this year and the 30th since the initial discovery in 2015. Rival oil giant Chevron (CVX -0.09%) wants a piece of that action. That led it to seal a deal to buy Hess for about $60 billion. However, Exxon doesn't plan to let its rival into this lucrative field without a ...