Chevron prepares to take on ExxonMobil

• Stabroek project in the Atlantic Ocean is a lucrative oil discovery estimated to contain up to $1 trillion worth of oil reserves
• Chevron and ExxonMobil are engaged in a bitter feud over control of the Stabroek project and dominance in the oil industry
• The competition between Exxon and Chevron dates back to the 19th century, with Exxon historically being the larger and more dominant company, but facing challenges in recent years due to climate change concerns and the COVID-19 pandemic.

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