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Gold/Mining/Energy : Chevron
CVX 154.13-0.7%9:30 AM EDT
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To: Jon Koplik who wrote (97)3/6/2024 9:22:31 PM
From: Selectric II   of 119
 
'We understand the detailed language because we wrote it,’ senior vice president Neil Chapman said of the right of first refusal provision that could stop Chevron’s $53-billion deal for Hess.
Raises interesting issues.

For XOM's sake, if ambiguous, and unless a different rule applies, hopefully it has an enforceable, "No construction against the drafter" clause in the contract.

In rules of contract interpretation, if all else fails, and depending on state law, ambiguous provisions may be construed against the drafter.

XOM just said that it drafted the provision.
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