Chevron-Hess merger arbitration hearing set for May 2025; decision within 3 months

CHEVRON CORP

Arbitration merits hearing for Stabroek ROFR scheduled for May 2025, decision expected within 3 months.
Chevron and Hess had sought earlier hearing but arbitrator schedules prevented it.
Companies reiterate confidence that Stabroek ROFR does not apply to the merger.
Exxon and CNOOC continue to assert the ROFR applies; arbitration outcome may affect merger closing.

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