Chevron buys rival Hess for £43bn
Chevron has agreed to buy rival in the second major deal in the sector this month - as the industry continues to benefit from geopolitical instability.
Stay updated with breaking news from Leon Hess. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Chevron has agreed to buy rival in the second major deal in the sector this month - as the industry continues to benefit from geopolitical instability.
Next year will be the 60th anniversary of the holiday item.
The independent energy company Hess Corporation will be purchased by oil and gas giant Chevron for $53 billion, the companies announced Monday.
The deal comes just weeks after Exxon Mobil’s $94 billion takeover of a shale company as oil companies bet that fossil fuels will remain central to the world’s energy mix for decades ahead.
Chevron agreed to buy Hess for $53 billion, a deal aimed at boosting production growth as the industry bets on a future for oil. Read on.