What Chevron's acquisition of Hess Corp. means for North Dakota's Oil Patch
Hess Corp. has been a top operator in North Dakota's Oil Patch and a corporate benefactor to the state since the discovery of oil in 1951.
Stay updated with breaking news from John Hess. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hess Corp. has been a top operator in North Dakota's Oil Patch and a corporate benefactor to the state since the discovery of oil in 1951.
HOUSTON, Oct 23 (Reuters) - Chevron ( CVX.N ) agreed to buy U.S. rival Hess ( HES.N ) for $53 billion in stock, risking future fossil fuels and higher
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
The combined company will expand Chevron's oil production in less risky regions by adding to its output in the U.S. Gulf of Mexico, bringing it into the Bakken shale in North Dakota
HOUSTON, Oct 23 (Reuters) - Chevron ( CVX.N ) agreed to buy U.S. rival Hess ( HES.N ) for $53 billion in stock, risking future fossil fuels and higher