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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 (109)5/27/2025 10:45:17 AM
From: robert b furman1 Recommendation

Recommended By
Jon Koplik

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Hi Jon,

I have positions in both CVX and XOM.

I think that XOM should prevail.

The original JV agreement would most likely have a right of first refusal if they were written like my partnership agreements all stated.

No doubt Guyana has been and will be a huge success.

I would expect both CNOOC and XOM to buy up the Hess share of the JV.

As a side offer, I'd expect CVX to grease both CNOOC and XOM, if they were allowed to BUY IN to a much bigger and more successful venture that XOM put HESS on.

That's just my spin based on my Buy/Sell agreements I've had and signed with my partners in dealerships

WE SEE SOON!
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