Chevron to buy Hess for $53 billion in latest U.S. oil megadeal
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.
Source: leaderpost.com
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Chevron's game-changing $53 billion deal with Hess Corp: A bold step into Guyana's oil boom
Chevron Corp has announced a $53 billion all-stock deal to acquire its smaller rival, Hess Corp, in a move that will reshape the energy landscape. The acquisition will give Chevron a 30% ownership stake in 11 billion barrels of oil equivalent in discovered recoverable resources in Guyana, as well as control over 465,000 net acres of high-quality, long-term inventory in Bakken. Experts believe that the deal will transform the competitive landscape and mark a transformative moment in the energy sector, particularly in the rapidly growing oil region of Guyana.
Source: indiatimes.com
Chevron to Buy Hess for $53B
Chevron Corp. agreed to buy Hess Corp. for $53 billion.
Source: rigzone.com
Chevron to buy Hess for $53bn in latest oil megadeal
Deal is aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels.
Source: moneyweb.co.za
Today's news: Trending business stories for October 23, 2023
The Financial Post brings you the top business stories as they happen for October 23, 2023. Read on for breaking news you need to know.
Source: leaderpost.com