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Chevron Announces Agreement to Acquire Hess

SAN RAMON, Calif. & NEW YORK, October 23, 2023--Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value,...
Demerara Mahaica New York United States North Dakota John Hess Jay Wilson
Source: yahoo.com

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Chevron announces agreement to acquire renewable energy group

Chevron and Renewable Energy Group (REG) have announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion. The transaction is expected to accelerate progress toward Chevronโ€™s goal to grow renewable fuels production capacity to 100,000 barrels per day by 2030.
United States Mike Wirth Cynthia Cj Warner Renewable Energy Group Chevron Board Chevron Chairman

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