Chevron To Buy Hess In $53 Billion Deal As Merger Mania Accelerates
In another major merger, Chevron has agreed to buy Hess Corporation in an all-stock transaction valued at $53 billion.
Source: oilprice.com
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Chevron Buys Hess As The U.S. Oil Merger Train Gains Steam
Chevron said it is buying Houston-based Hess in the second U.S. upstream mega-deal in just two weeks.
Source: forbes.com
Chevron to buy Hess Corp for $53bn as it expands in oil-rich Guyana
Chevron Corp said on Monday it will buy smaller rival Hess Corp in a $53bn all-stock deal, as the oil major looks to increase its footprint in oil-rich Guyana.
Source: cityam.com
Chevron to purchase Hess in $53 billion deal
Chevron, one of the world's leading oil producers, announced on Monday it entered into an agreement to purchase independent Hess Corp. for $53 billion in an all-stock transaction.
Source: upi.com
Chevron to buy Hess Corp for $53 bln in all-stock deal
Chevron has announced its plans to acquire Hess in a $53 billion all-stock deal, aiming to expand its presence in the oil-rich region of Guyana. This move will pit Chevron against Exxon Mobil in the shale and Guyana oil basins, two of the world's fastest-growing oil regions. Guyana has emerged as a significant oil producer in recent years, with Exxon Mobil, Hess, and CNOOC collectively producing 400,000 barrels per day.
Source: indiatimes.com