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The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.

The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.

Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades.

Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.