Chevron buys Hess for $53 billion in 2nd major oil merger this month

  • 📰 latimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Chevron is buying Hess for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply in early 2022 with Russia's invasion of Ukraine and are hovering around $90 per barrel after ticking 9% higher this year, meaning big drillers are flush with cash and looking for places to invest piles of cash.

“In addition, Hess increases Chevron’s estimated production and free cash flow growth rates over the next five years, and is expected to extend our growth profile into the next decade supporting our plans to increase our peer-leading dividend growth and share repurchases.” Chevron is paying for Hess with stock. Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. Including debt, Chevron valued the deal at $60 billion.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 11. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Chevron’s $53 billion Hess buyout is the 2nd biggest energy sector acquisition in 2 weeksThe deal comes after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
مصدر: aldotcom - 🏆 82. / 68 اقرأ أكثر »

Chevron to buy Hess Corp for $53 billion in second oil mega-merger in weeksChevron 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.
مصدر: KSLcom - 🏆 549. / 51 اقرأ أكثر »

Chevron buys Hess for $53 billion as the biggest US oil companies get even bigger“Everyone that Jake met, he lit up the room with them. He made an impact. They fed off his energy and his love and compassion,' Jake Todd's brother Bryan said.
مصدر: 9NEWS - 🏆 238. / 63 اقرأ أكثر »

Chevron buys Hess for $53 billion as the biggest US oil companies get even biggerAs we get closer to Halloween, we wanted to check some of the spookiest spots in Texas.
مصدر: KHOU - 🏆 330. / 59 اقرأ أكثر »