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Three points stand out: The small premium, the use of stock as currency, and the fact that Hess has no exposure to the hottest region of U.S. oil and gas...
Chevron Corp (NYSE: CVX) unveiled plans to buy Hess Corp (NYSE: HES) on Monday.
Chevron is buying Hess for $53 billion and it’s not even the biggest acquisition in the energy sector this month as oil prices surge.
One of the largest oil companies in the U.S. has reached a deal to acquire a smaller competitor in the latest sign that a wave of consolidation may be sweeping over the American oil and gas industry.
Chevron is buying Hess for $53 billion and it’s not even the biggest acquisition in the energy sector this month as oil prices surge.