Chevron clarifies future of Hess Toy Truck after $53B deal
After Chevron shelled out $53 billion for Hess Corp., the oil giant made a deal of its own, telling customers its iconic Hess Truck will remain a holiday staple.
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After Chevron shelled out $53 billion for Hess Corp., the oil giant made a deal of its own, telling customers its iconic Hess Truck will remain a holiday staple.
The company-branded toys have been holiday favorites since the 1960s.
John Hess, who has been chief executive officer of Hess since 1995, is expected to take a seat on the Chevron board following the completion of the deal.
The independent energy company Hess Corporation will be purchased by oil and gas giant Chevron for $53 billion, the companies announced Monday.
Chevron agreed to buy Hess for $53 billion not long after Exxon paid $59.5 billion for Pioneer. Both deals are paradigmatic of a larger trend