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Chevron to buy Hess for $53 billion, marking the second giant oil deal this month

Por: CBS News Business October 23, 2023

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Chevron said Monday it will buy Hess Corp. for $53 billion, marking the second major oil deal this month as major producers seize the initiative while oil prices surge.The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would Pioneer Natural Resources for about $60 billion. Chevron is paying for Hess with stock, with shareholders receiving 1.025 shares of Chevron for each Hess share. Chevron said the deal is valued at... + full article



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