Chevron's Hess deal shows Big Oil still banking on fossil fuels despite energy transition
Chevron's $53 billion deal for Hess is a sign that Big Oil thinks fossil fuels will be in demand for years to come.
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Chevron's $53 billion deal for Hess is a sign that Big Oil thinks fossil fuels will be in demand for years to come.
The Chevron-Hess deal comes less than 2 weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
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
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
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.