The chief executives of Chevron Corporation (CVX) and Hess Corporation (HES) are confident that they will prevail in the arbitration challenge brought by Exxon Mobil Corporation (XOM) over a proposed merger valued at $53 billion.The Chevron-Hess merger,declared in 2023, remains on hold because of the arbitration challenge filed by the partners of the Stabroek block, ExxonMobil (45% operating interest) and CNOOC International (25% interest), claiming that they have a right of first refusal to buy Hess’ 30% i ...