Chevron bought about 4.99% of Hess Corp's common shares this year, reflecting its confidence in completing the planned ...

[Stay on top of transportation news: Get TTNews in your inbox.] Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with Exxon Mobil Corp ...

Mario Tama / Staff / Getty Images Chevron 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.

Exxon is claiming a right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the country's oil resources. Chevron has rejected Exxon's claims that ...