Exxon begins arbitration over Hess’s Guyana assets, says it would be ‘irresponsible’ not to

Spring-based Exxon Mobil Corp. (NYSE: XOM) has officially filed for arbitration to get first dibs on Hess Corp.’s (NYSE: HES) assets offshore Guyana. In late February, Chevron Corp. (NYSE: CVX) listed a pre-existing joint operating agreement between Hess, Exxon and China National Offshore Oil Corp. as a risk factor that could prevent its $53 billion acquisition of Hess from closing.