Por: MarketWatch Business February 02, 2024
Chevron announced its deal for Hess—initially valued at $60 billion—on Oct. 23, with the company agreeing to swap 1.025 of its shares for every Hess share. The arbitrage spread initially was tight as Hess stock traded at $161, a slight premium to Chevron, which then changed hands at $160. Hess now trades at a $6 a share discount to Chevron with Hess up 0.7% Thursday to $141.50 and Chevron 0.3% higher at $147.89. The current value of the... + full article
Newsweek USA Business October 24, 2023
In what could be noted as more consolidation within the energy sector, oil giant Chevron Corporation on Monday disclosed its definitive agreement to acquire Hess Corporation in an all-stock transaction valued at $53 billion, or $171 per share.Under the agreement, each Hess share... + más
Chevron to buy Hess for $53 billion, marking the second giant oil deal this month | CBS News
Chevron to acquire Hess in $53 billion deal | Fox Business
Portland Press Herald USA World October 24, 2023
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... + más
Chevron buys Hess for $53 billion, 2nd buyout among major producers this month as oil prices surge | ABC News
ABC News USA Business October 23, 2023
NEW YORK -- 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.The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it... + más
Fox Business USA Business October 23, 2023
Key Advisors Wealth Management co-founder and CEO Eddie Ghabour discusses how the Israel-Hamas conflict affects the U.S. stock market on 'Varney & Co.' Chevron Corporation announced Monday that it has competitor Hess Corporation in an all-stock deal valued at $53... + más
CBS News USA Business October 23, 2023
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... + más
What Are the Duties of A Trustee? | Forbes
Los Angeles Times USA Business October 23, 2023
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... + más
10 WBNS USA Nation October 23, 2023
NEW YORK — 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... + más
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