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OverviewAPI
ExxonMobil and Chevron are embroiled in a dispute over a 30% stake in Guyana's Stabroek block held by Hess, impacting Chevron's $53 billion deal. The clash underscores the fierce competition for Guyana's substantial oil reserves, as ExxonMobil plans to boost production significantly by 2027. Legal attention surrounds the conflict, but experts anticipate the progression of the Chevron-Hess transaction despite hindrances.

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