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If you sail roughly 120 miles into the Atlantic Ocean from the South American country of Guyana,
you might just bump into some gigantic ships.
These ships are sucking massive amounts of crude oil from reservoirs miles below the sea.
That's
because this otherwise nondescript stretch of ocean is a part of an extremely valuable oil project known as Stawbrook.
Stabrook is one of the most lucrative oil discoveries in recent decades.
It's estimated to contain up to $1 trillion worth of oil reserves.
For the past couple of years,
it's also been at the heart of a bitter feud between two of the world's most powerful oil companies,
Chevron and ExxonMobil.
This particular dispute was settled earlier this summer by an arbitration panel in a decision that matters for the entire industry.
These two U.S. oil majors, Chevron and Exxon, you know, they're in a battle for the future.
And in that future,
there's not going to be very many oil companies because the oil market is changing.
We're going through an energy transition.
There's going to be a limited number of companies that survive.
And both of these companies want to be one of them.