Dr. John Hess sees service as a way of life | UW Magazine — University of Washington Magazine
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LONDON (Reuters) -Chevron Corp said on Monday it would buy smaller rival Hess Corp in a $53 billion all-stock deal, taking its rivalry with Exxon Mobil to the next level by boosting its presence in U.S. shale and oil-rich Guyana. Given that Exxon Mobil had effectively taken itself out of the running for large-scale M&A following the recent Pioneer deal, we would have thought Chevron could bide its time, and hence we are a little surprised at the timing of this deal. It does address the concerns with Chevron's portfolio - namely over concentration in the Permian and lack of depth in...
IF you grew up watching the 1980s’ soap opera Dallas (like me), you would have been engrossed by the depictions of seemingly hard-driving family-owned dynasties built on black gold.
Chevron CEO John Hess is publicly enthusiastic about the deal, and it would be tough for another bidder to emerge given Hess’s size.