Exxon Mobil (XOM) is optimistic about the outcome of the arbitration case relating to its contractual dispute in the Chevron's (CVX) planned acquisition of Hess (HES), multiple media outlets reported Thursday, citing an Exxon executive speaking at a Bernstein conference.
Neil Chapman, a senior vice president at Exxon, said he was confident that the arbitration panel would rule in favor of the company and determine that it had a right of first refusal over Hess's stake, the media outlets reported.
There will be "no change for us" if Exxon loses, Bloomberg quoted Chapman as saying.
Exxon, Chevron, and Hess did not immediately reply to a request for comment from MT Newswires.
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