Chevron buys Hess for $53 billion as oil prices surge – NBC Chicago
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.
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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.
Chevron Hess Buyout: US energy giant Chevron will buy its rival Hess for USD 53 billion in an all-stock deal, the companies announced in a joint statement on Monday. Chevron's deal values Hess's equity at USD 53 billion, while the total enterprise value of the transaction, including debt, is USD 60 billion, according to the statement.
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices
Hess’ Bakken assets add another leading U.S. shale position to Chevron’s DJ and Permian basin operations and further strengthen domestic energy security.
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.