Chevron to buy Hess Corp for $53B in second oil mega-merger in weeks

📆 23/10/2023 15:35:00
📰 KSLcom

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Chevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.

<p>HOUSTON — Chevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S.

 Those two, nearly $64-billion combined transactions put Exxon atop U.S. shale and cemented the firm's nascent carbon storage business.</p><p>The recent deals are a financial flex by U.S.

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